Mar. 9 at 8:14 PM
$RSI Kalshi Just paid
$5 million to settle false advertising Class action lawsuit. Kalshi in another class action lawsuit also sued
$54 million for Iranian leader bets after "death carveout" invoked. Contracts asked whether Khamenei would leave office before March 1, 2026. Kalshi did not pay out and getting sued over not paying. Another person bet
$50 thousand dollars that someone would streak during the superbowl. It wa the better himself who streaked. Kalshi won't last long with these type of bets. Kalshi is in court fighting 19 Federal lawsuits as well. And if they don't pay, they will be sued. Utah and Maine are arguing exclusive oversight over the gambling industry not allowing to Kalshi in their state. I think RSI movement climb recently is because of their tremendous value as they grow quarter after quarter, are very cash profitable, and this is bad news for Kalshi and the prediction markets.
