The Massachusetts Attorney General's office filed an amended complaint against prediction market platform Kalshi, granted by a judge on Tuesday. New allegations claim Kalshi deliberately targeted users under 21 years old through social media and campus marketing to engage in sports betting. The case highlights growing regulatory scrutiny over crypto betting platforms and youth protection.
The Massachusetts Attorney General's office has filed an amended complaint against prediction market platform Kalshi, which was granted by a judge on Tuesday. The amended complaint includes new allegations that Kalshi targeted users under 21 years old through social media and marketing campaigns on university campuses, encouraging them to participate in sports betting.
This amended lawsuit follows a recent federal court ruling regarding Kalshi's sports betting operations. Massachusetts regulators are intensifying scrutiny of prediction markets and crypto betting platforms, particularly concerning underage user protection. Kalshi has not yet issued a public response.
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