Kalshi Market Maker Bets Against Consumers, Lawsuit Alleges

Kalshi Inc. was accused in a proposed class action of illegally operating as a sports bookmaker and misleading customers about its market-making activities, the latest in a series of legal...

By Lydia Beyoud · Bloomberg Markets

Kalshi Inc. was accused in a proposed class action of illegally operating as a sports bookmaker and misleading customers about its market-making activities, the latest in a series of legal challenges facing the predictions-market firm.