Episode Details

Washington Attorney General Nick Brown has filed a lawsuit against Kalshi, accusing it of operating an illegal gambling business. The suit claims Kalshi violates state anti-gambling laws by allowing online betting on sports and events, which is banned except at tribal casinos. Kalshi markets itself as a platform for buying shares in event outcomes, but Brown argues its essentially a bookmaker. Arizona has also filed criminal charges against Kalshi. The case could set a precedent for how far such platforms can push boundaries.

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