The Massachusetts Attorney General filed an amended complaint against prediction market platform Kalshi, adding allegations that the company targeted users under the age of 21 through social media and marketing campaigns on university campuses. The amended complaint was granted by a judge on Tuesday, escalating regulatory scrutiny on the platform.
Massachusetts AG Amends Lawsuit Against Kalshi Over Sports Betting
The Massachusetts Attorney General's office has filed an amended complaint against prediction market platform Kalshi, adding allegations that the company targeted users under the age of 21 through social media and marketing campaigns on university campuses, in violation of state law. The amended complaint was granted by a judge on Tuesday, allowing the case to proceed with the expanded claims. Kalshi, which operates a regulated exchange for event contracts, has faced increasing legal challenges as state regulators scrutinize its sports betting offerings.
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