A Washington man who lost $308,000 on sports bets through Kalshi is suing the prediction market for violating the state's online gambling ban, seeking over $580,000 in restitution. The case tests whether individual gamblers can recover losses directly from Kalshi, while parallel actions by state attorneys general could also restore funds through collective proceedings.
Background
Washington state banned online gambling since 2006 and allows individuals who lose money at illegal gambling operations to sue for recovery under its Recovery of Money Lost at Gambling Act.
- Source
- Ars Technica
- Published
- Nov 10, 2026 at 05:13 AM
- Score
- 6.0 / 10