Washington AG Sues Kalshi for Illegal Sports Betting
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Washington Attorney General Nick Brown sues Kalshi for allegedly violating state gambling laws by allowing sports and event betting without permission. The lawsuit, filed in King County Superior Court, seeks an immediate shutdown and damages based on local revenue. Kalshi, launched in 2018 and going live in 2021, allows trading on real-world outcomes but generates over 90% of its action and revenue from sports bets, with a trading volume of $23.8 billion in 2025. Brown argues its gambling disguised as a financial tool, citing local game bets and risks to college students. A Pew poll shows 22% of adults bet on sports last year, with 43% now viewing legal sports betting as harmful. Washington expanded tribal sports wagering this year, but Kalshi bypasses these rules. Other states are also cracking down, with Nevada temporarily banning Kalshi and criminal charges filed elsewhere. The cases impact on Washington bettors and consumer protections will be assessed.
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