"Nicholas Smith, the plaintiff, typically signs up for voluntary self-exclusion programs to prevent himself from wagering. But neither Kalshi nor Robinhood, which hosts Kalshi's prediction markets, offered that safeguard."
"The complaint did not specify how much Smith lost. His case comes as Massachusetts Attorney General Andrea Campbell pursues her own legal fight against Kalshi."
"The Court has made clear that any company that wants to be in the sports gaming business in Massachusetts must play by our rules - no exceptions."
A class-action lawsuit has been filed against Kalshi by a Raynham man who lost significant money due to gambling addiction on its sports-betting markets. The plaintiff, Nicholas Smith, claims that Kalshi and Robinhood did not provide self-exclusion options, leading to his losses after Kalshi expanded into sports wagering. Massachusetts Attorney General Andrea Campbell is also pursuing legal action against Kalshi for operating without a state license. A preliminary injunction has been issued to halt Kalshi's operations until compliance with state regulations is achieved.
Read at Boston.com
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