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Futures
Futures
Hundreds of contracts settled in USDT or BTC
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Quick staking, earn potential new tokens
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Launchpad
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Alpha Points
NEW
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Futures Points
NEW
Earn futures points and claim airdrop rewards
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Simple Earn
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Soft Staking
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Lending Center
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VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
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BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
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Kalshi faces a class action lawsuit, accused of conducting sports betting operations without a license.
On December 1, according to Bloomberg, the prediction market platform Kalshi faced a class action lawsuit, accused of conducting sports betting-related business without any state gambling licenses and making misleading statements to users regarding its market-making activities. The lawsuit was initiated by seven users of the Kalshi app, represented by the law firm Lieff Cabraser Heimann & Bernstein, alleging that Kalshi misrepresented its services as “legal sports betting” and that its affiliated company Kalshi Trading set unfavorable odds for users as a market maker, effectively turning trades into bets against the “market maker.” Kalshi responded by stating that its business falls under the derivation market category and is only subject to federal regulation by the Commodity Futures Trading Commission (CFTC).