In my last article, I discussed the flurry of loss recovery cases brought against Kalshi. The first “loss recovery” opinion came out of the District of Columbia’s federal district court at the end of March in favor of the gaming industry, but it’s unlikely to tip the scales in Kalshi’s favor.
DC Dismisses Gambling Recovery LLC’s Suit
The lawsuit was brought by a gambling recovery company seeking to recover allegedly illegal gambling losses from major sportsbooks like FanDuel, BetMGM, and DraftKings.
These gaming venues offer traditional sports betting services. Kalshi, which is a prediction market and ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.