Man who lost $308,000 on sports bets sues Kalshi for offering illegal gambling
Summary
Scott Bright, a Washington resident who says he lost $308,781.62 on sports wagers through Kalshi, sued the company under Washington’s law allowing people to recover money lost through illegal gambling. Kalshi seeks to move the case to federal court and argues its event contracts fall under federal commodities law, not state gambling law; it has also asked a court to dismiss the suit.Key Facts
- Bright filed his lawsuit in King County Superior Court on September 24.
- Bright says he deposited $315,353.94 in 253 transactions between June 17 and August 14, 2026.
- His complaint says his account showed a net loss of $308,781.62 and a remaining balance of $983.27.
- Bright alleges Kalshi charged $84,062.71 in trading fees and $5,589.05 in funding fees.
- Bright is seeking more than $580,000, according to the article.
- Kalshi argues that Bright traded federally regulated event contracts and that any losses went to other traders, not Kalshi.
- Washington’s attorney general has separately sued Kalshi, and a state court order restricting some of the company’s wagers took effect after Bright’s losses.
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