Kalshi, the prediction market platform where players can place bets on world events — such as the number of deportations this year — was sued last week by the state of
Washington, one of such 20 lawsuits the company now faces, WNYC Studios reports. In addition, the Arizona attorney general filed criminal charges against the company. The prediction field is
growing, generating $64 billion in trading volume last year, up 400% from 2024, and Kalshi users spent $54 million on “Ali Khamenei out as Supreme Leader?” during the first week of the
Iran war.