Man who lost $308,000 on sports bets sues Kalshi for offering illegal gambling
A man who lost over $308,000 making sports wagers on Kalshi is suing the prediction market for violating the state of Washington's ban on online gambling. He's trying to turn those losses into an overall victory with a lawsuit seeking a payment of over $580,000.
Bellevue, Washington, resident Scott Bright's "wagering occurred at a time when it was unlawful in Washington and when the Washington Attorney General had already sued KalshiEX LLC in this Court alleging precisely that," said the gambler's lawsuit filed on October 23 in King County Superior Court.
While state attorneys general throughout the US are trying to shut down Kalshi for allegedly violating state gambling laws, Bright's case tests whether unsuccessful gamblers can obtain restitution from the company through individual lawsuits.