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Washington AG Nick Brown Sues KalshiEx, Alleging Illegal Online Gambling Operation
Washington Attorney General Nick Brown filed a civil lawsuit against KalshiEx LLC this week in King County Superior Court, arguing the platform's event contracts qualify as illegal gambling under state law. The complaint focuses on binary contracts priced from $0.01 to $0.99 that pay $1 to winners and $0 to losers, and seeks an injunction, restitution, disgorgement, and per-violation civil penalties.