Kalshi Faces Class Action Alleging Involvement In Unlicensed Sports Betting

Kalshi Inc. is facing a new legal challenge as seven users of its prediction-market app have filed a proposed class action in New York, alleging that the firm operated unlicensed sports betting markets while presenting itself as a federally regulated exchange. The complaint, submitted on Wednesday, adds to the mounting scrutiny surrounding Kalshi’s sports-related event […] Read The Full Article Kalshi Faces Class Action Alleging Involvement In Unlicensed Sports Betting On Coin Edition.