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Washington man sues Kalshi after losing $308,000 on prediction market platform

- 11 comments (last)

Seeks to recover $580,000 in damages

By Kate Northrop

A Washington man is suing prediction market platform Kalshi to recover his sports betting losses in a lawsuit that lands at the center of an escalating national debate over whether the fast-growing event contract industry should be regulated as gambling.

Prediction market platform Kalshi is on the receiving end of a lawsuit filed by a user who bet away $308,000, and he's seeking $580,000 for his trouble.

Scott Bright, of Bellevue, Washington, who lost...

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