Kalshi faces proposed class action over alleged unlawful sports gambling
Daniel Yee has filed a proposed class-action complaint against Kalshi in New York, alleging that its sports event contracts amount to unlawful gambling. The complaint seeks a jury trial and the return of more than $2,000 Yee says he lost, as well as other damages; the allegations have not been established in court.
The case challenges whether Kalshi’s sports event contracts can be offered without complying with state gambling laws.