Washington AG sues Kalshi, alleging illegal online gambling and consumer law violations
Summary
Washington Attorney General Nick Brown has filed a lawsuit against online platform Kalshi, alleging it operates an illegal gambling service. The lawsuit claims Kalshi violates state gambling and consumer protection laws by allowing users to wager on events including sports, political races, and even public health data. Brown stated that “Kalshi wants people betting on almost everything possible in life,” and views every event as a potential financial risk for users. The Attorney General’s office alleges Kalshi offers common sports wagers illegal in Washington and advertises the ability to “bet on anything.” State officials are concerned that such platforms increase the risk of problem gambling, especially with easy online access. Washington has historically maintained strict limits on gambling to protect consumers.
(Source:Headtopics)