CoinOtag
2025-11-29 05:54:38

Customers Allege Kalshi Operates as Unlicensed Sports Bookmaker in New Lawsuit

Kalshi lawsuit accuses the prediction market platform of operating as an unlicensed sports bookmaker, deceiving users about its business practices and using market makers to disadvantage bettors. Filed by seven customers in New York, it claims violations of gambling laws and seeks class action status. Sports betting allegations: Plaintiffs argue Kalshi functions without required state [...]

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