Washington sues Kalshi over online bets, says internet gambling is banned in the state
Washington state is suing Kalshi, alleging its online platform illegally allows betting on various events, violating state gambling laws.Summary
Washington State Attorney General Nick Brown filed a lawsuit against Kalshi, accusing the company of operating an illegal online “prediction market” that enables betting on events ranging from sports and elections to more unusual occurrences. The state argues Kalshi violates both the state Gambling Act and Consumer Protection Act, and is seeking to halt operations, recover consumer losses, and impose penalties. Brown criticized Kalshi for framing its platform as a “prediction market” to circumvent gambling laws, stating that the company profits from allowing users to bet on nearly any event. Kalshi contends it is subject to exclusive federal jurisdiction and operates differently than state-regulated sportsbooks. The lawsuit also highlights concerns about Kalshi’s marketing practices, particularly targeting young adults, and the negative impact on revenue for Washington’s tribal gaming operations.
(Source：Kgw)