Kalshi now dealing with class action lawsuits as well

by SBC Americas
2 minutes read
Kalshi’s list of legal battles now includes one with citizens in addition to state governments.

Last week, a group of individuals from across the United States filed a class action against the site related to its offering of sports-related event contracts.

Filed in the Southern District of New York, it is the second such lawsuit filed in the district, following one that was filed in October. The law firm representing the plaintiffs in the first lawsuit is the Almeida Law Group, a firm that is no stranger to gaming-related class actions. The firm represents the plaintiffs in the pending litigation in California against DraftKings and PrizePicks as well as some sweepstakes-related lawsuits.

The uniting thread of all of the cases is that the product being offered is tantamount to illegal gambling and the plaintiffs are seeking damages and restitution. To date, none of the cases have been resolved.

The plaintiffs in the second lawsuit are represented by Lieff Cabraser Heimann & Bernste..

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