Kalshi faces New York class action alleging users were misled about sportsbook status
Seven named plaintiffs filed a class action against Kalshi in federal court in New York, alleging that users were misled about whether the platform operates as a sportsbook. They seek to recover users’ betting losses and request a jury trial and potentially tripled damages. Kalshi called the claims meritless and said it would respond in court filings.
The lawsuit could affect Kalshi’s legal exposure and how prediction-market platforms explain their services to users.