Alabama class action lawsuit aims to take down sports betting push by Kalshi

A class action lawsuit has been filed in Alabama against Kalshi over what the plaintiffs claim is an illegal sports wagering website. Alabama is notoriously strict with its gambling laws, with it outright banned in most cases.

In this case, traditional sports betting is not permitted under state law. Platforms such as Kalshi and Polymarket operate by offering event-based contracts that are classified as trading activity rather than sports wagering. Because these products fall under federal commodities regulation...