PolicyTechSpot23 minutes ago
Man Sues Kalshi for $580,000 Loss
5 min read
Bellevue resident Scott Bright sues Kalshi to recover $580,544.98 after losing $308,781.62 on sports bets between June and August 2026. The user deposited $315,353.94 via 253 bank debits, while the platform generated $14,396,457.30 in trading volume. Bright argues Washington state gambling laws apply, citing a 1950 Supreme Court ruling, though Kalshi claims federal regulation under the Commodity Exchange Act.
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