Kalshi is accused of operating an unlicensed sports gambling platform that misleads customers into thinking they’re getting fairer odds than traditional sportsbooks when that isn’t the case, according to a proposed class action lawsuit filed Wednesday.
The suit, filed in New York federal court on behalf of thousands of potential class members, features seven named plaintiffs who claim they were deceived into losing money. It seeks to recover the money they have bet on the platform, and demands a jury trial with the potential for damages to be tripled.