BOSTON (SHNS) - Over the course of about three months earlier this year, a derivatives trading company made more money off of sports wagers than the top two licensed sports betting platforms in Massachusetts did, the attorney general said in a lawsuit that alleges the company is illegally offering de facto sports betting.

Kalshi, among the largest prediction markets in the country with a value of approximately $2 billion, "is offering sports wagering under the guise of 'event contracts' to Massachusetts residents without the required licensure from the Massachusetts Gaming Commission ... [exposing] residents of the Commonwealth to a plethora of harms" including "disastrous" financial loses and the public health risks associated with compulsive gambling, Attorney General Andrea Campbell al

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