December 19, 2025
Prediction Market Kalshi Hit With Class Action Alleging Illegal Sports Betting and Rigged Market-Making

Prediction market platform Kalshi is facing a proposed class action in New York accusing it of running unlicensed sports betting and misleading customers about how its markets operate.  The suit, filed by seven users and led by plaintiff firm Lieff Cabraser Heimann & Bernstein, says Kalshi markets “legal sports betting” despite lacking gaming licences in […]
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