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Kalshi Faces Class Action Over Alleged Unlicensed Sports Betting Model

Kalshi Faces Class Action Over Alleged Unlicensed Sports Betting Model

Author:

Global Cryptocurrency

Published:

2025-11-30 13:15:02

26

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BTCCSquare news:

Seven users have filed a class action lawsuit against prediction-market platform Kalshi, alleging it operates as an unlicensed sports betting venue. The complaint claims Kalshi Trading—an affiliated entity acting as market maker—creates odds unfavorable to participants while avoiding gaming regulations.

Co-founder Luana Lopes Lara disputes the allegations, asserting Kalshi functions as a peer-to-peer exchange without house involvement. The case highlights ongoing regulatory ambiguity surrounding prediction markets that blur lines between financial instruments and gambling.

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