BlockBeats news, on March 29, according to Greekwire, Washington State Attorney General Nick Brown has filed a civil lawsuit against the prediction market platform Kalshi, accusing it of violating state laws by providing entertainment services for predicting sports events, elections, and wars. The lawsuit has been submitted to the King County Superior Court, seeking to prohibit Kalshi from operating locally, recover residents’ lost funds, and impose civil fines. Kalshi’s advertisements have suggested that users could bypass local laws to participate in NFL event predictions, indicating that they “knowingly violated the rules.”
Kalshi responded that it is a compliant trading platform regulated by federal authorities, denying the provision of war-related event markets, and expressed confidence in winning the case legally. This is another regulatory action faced by Kalshi recently, as it is currently involved in over 20 civil lawsuits, and previously, the Arizona prosecutor filed criminal charges against it, considered to be the first criminal case targeting prediction markets.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
