Crypto
Washington state sues Kalshi, says prediction markets are gambling
Washington state\'s attorney general has filed a lawsuit against prediction market operator Kalshi, Cointelegraph reported on March 28. The suit alleges Kalshi violated state gambling-related laws. The attorney general\'s office says Kalshi breached the Washington Consumer Protection Act, gambling laws and a statute allowing recovery of gambling losses. It argues Kalshi\'s website and app display bettable events and odds, operating like a sportsbook despite calling itself a prediction market.
