Kalshi Suits Using Arcane 1700s Law Are Lit Funder’s Big Bet

Emily Siegel shares that litigation funder Veridis Management, led by Maximillian Amster, is backing lawsuits in six US states against prediction market platform Kalshi Inc. under 18th-century gambling laws, using a novel strategy to recover losses from failed event-based bets — a move seen as a creative new frontier for litigation finance targeting the booming online wagering sector.

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