Man who lost $308,000 on sports bets sues Kalshi for offering illegal gambling

A Washington resident lost $308,000 on Kalshi and is suing the company for violating the state's online gambling ban. Kalshi has filed a motion to dismiss the lawsuit. The case tests whether unsuccessful gamblers can get restitution through individual lawsuits. Washington's attorney general has also filed a lawsuit against Kalshi, seeking to recover money lost by Washingtonians through the company's illegal gambling operation.