Massachusetts Attorney General has filed an amended lawsuit against prediction market platform Kalshi, alleging that the company used social media and campus marketing to target users under 21 for sports betting. The amended complaint was granted by a judge on Tuesday, adding new allegations to an ongoing legal battle.
Updated Legal Complaint Approved
Massachusetts Attorney General's amended lawsuit against Kalshi was approved by a judge on Tuesday. The revised complaint includes new allegations that Kalshi specifically targeted users under 21 years old through social media campaigns and marketing on university campuses to promote its sports betting products.
Core Allegations: Youth Protection and Compliance
Kalshi, a event-driven prediction market platform, has previously drawn regulatory scrutiny for allowing trading on election outcomes and other events. The Massachusetts lawsuit now focuses on sports betting, with prosecutors arguing that Kalshi failed to enforce adequate age verification measures and actively lured underage participants. If proven, the platform could face state-level penalties and be forced to revise its market access rules.
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