Kalshi Lawsuits: Every Case, What Settled, and Whether There Is a Payout

Kalshi is a party in 5 court cases as of 14 November 2026, a defendant in 2 and a plaintiff in 4, with 1 consolidated matters counting on both sides.

Kalshi has sued states and the CFTC, states and tribes have sued Kalshi, and users have sued Kalshi. Three certiorari petitions on sports contracts await responses due on 7 December 2026.

Has any of this put money in a user's pocket? No: no Kalshi case has produced a settlement, a certified class or a refund, and the money orders so far are penalty terms owed to states.

Status is the court order, not app availability; checked 14 November 2026.

Key facts: entities, regulator status, cases and the open-settlement answer

The table gives the entities as the dockets name them; KalshiEX LLC is the CFTC-designated contract market, Kalshi Inc. its parent.

Is there a Kalshi settlement or payout right now?

No. No Kalshi case has settled, no court has certified a class, no claim form exists and no payout estimate can be given as of 14 November 2026.

A complaint states one side's allegations, only the court's orders decide anything, and every money figure in a Kalshi case so far is either a penalty term owed to a state or a number in a pleading.

The 5 open US gambling claims are against other operators; the category itself is covered in prediction market lawsuits.

Those open claims are listed by deadline in the open gambling class action settlements by deadline tracker, and Kalshi is on none of them. The table shows each money figure in a Kalshi case and why none reaches a user.

Every lawsuit by or against Kalshi (5 cases, CSV)

The table lists every case in the record that names a Kalshi entity on either side, with court and docket, filing date, which side Kalshi is on, status and its date, and whether the status was read from a court document.

The same records download as CSV from the open data page under a CC BY 4.0 license.

Kalshi as plaintiff: 3 suits against states and the CFTC

Kalshi has sued the CFTC once and state officials in seventeen states since November 2023, asking federal courts to hold that the Commodity Exchange Act preempts state gambling law as applied to its event contracts. The foundation case, Kalshi v.

CFTC (D.D.C. 1:23-cv-03257), ended with summary judgment for Kalshi on 12 September 2024 and a dismissed appeal on 7 May 2025. Why sports contracts are treated differently is explained in how is Kalshi legal: the swaps question and the circuit split.

Which of these suits did Kalshi win? The circuits have split. The Third Circuit sided with Kalshi on 6 April 2026 (2-1, No. 25-1922), while the Ninth (28 August 2026, 3-0, No. 25-7516) and the Sixth (25 September 2026, 3-0) ruled against it.

Responses to three certiorari petitions (26-299, 26-338, 26-344) are due on 7 December 2026, and no order exists. The CFTC's own suits against 6 states are not on this page because Kalshi is not a party; they are in states suing Kalshi and states sued by the CFTC.

Granted, denied, undone: the first-instance scorecard

Of Kalshi's suits decided at first instance, five produced a preliminary injunction (Nevada in April 2025, later dissolved; New Jersey; Tennessee, later vacated; Minnesota; Illinois) and nine were refused (Maryland, Nevada on dissolution, Ohio, Arizona, New York, Connecticut, Utah by summary judgment, Iowa, Montana).

States, cities and tribes against Kalshi

0 states and cities have sued Kalshi in their own courts since Massachusetts filed on 12 September 2025, four tribes have sued under the Indian Gaming Regulatory Act, and the New York State Gaming Commission has gone to court to enforce its subpoenas. Where Kalshi is actually blocked is tracked in Kalshi court status in every state.

Orders in force: Nevada, Michigan, Washington, Louisiana and two tribal reservations

Court orders stop Kalshi's sports contracts in Nevada (First Judicial District Court, 26 OC 00050 1B, preliminary injunction from the bench 3 April 2026, written order 18 May 2026), Michigan (Ingham County 26-1087-CZ, preliminary injunction 1 September 2026, USD 500,000 per day), Washington (King County 26-2-10264-3 SEA, final injunction order 13 August 2026) and, by a ten-day temporary order of 12 November 2026, Louisiana (21st Judicial District Court 20260004268), and on Blue Lake and Chicken Ranch lands in California (N.D. Cal. 3:25-cv-06162, 4 November 2026, per a PACER copy hosted by press).

Massachusetts has been stayed since 17 February 2026. The Louisiana order lapses about 22 November 2026 unless extended, and its text was not retrieved.

Criminal charges in Arizona and Utah

Two states have charged Kalshi: Arizona on 16 March 2026 (Maricopa County CR2026-000173, 20 misdemeanor counts against KalshiEX LLC and Kalshi Trading LLC, stayed under the federal injunction of 5 May 2026) and Utah on 28 October 2026 (Third District Court 261912852, against KalshiEX LLC and founders Tarek Mansour and Luana Lopes Lara, 14 counts per press).

Both are allegations only; no conviction exists. How other operators fared is in criminal cases against gambling operators.

Class actions and individual suits: no class, no ruling on the merits

1 class actions and 0 individual suits name Kalshi, and none has produced a certified class, a judgment or a settlement.

In re Kalshi Sports Prediction Market Litigation (S.D.N.Y. 1:25-cv-08585-JLR, Judge Rochon) began with Yee on 16 October 2025, and a stipulation to consolidate followed on 6 February 2026 with transfers of Jennings, Reynolds, Roberts and Josephson.

Kalshi's motion to compel arbitration was due on 21 April 2026 under the stipulated schedule, but no ruling was located and the case carries no status date.

Among the individual suits, Bright v. Kalshi (W.D. Wash. 2:26-cv-04091, filed 23 September 2026, removed 23 October) claims about USD 580,000 per one report, while another puts it at USD 308,000; the complaint was not retrieved. Their common theory is a state loss-recovery statute, collected in gambling loss recovery statutes by US state.

The Statute of Anne suits and the privacy and text-message cases

Six "Gambling Recovery LLC" suits filed on 11 and 12 June 2025 use colonial-era loss-recovery statutes to sue Kalshi for other people's losses; three were remanded to state court (Ohio 30 March 2026, Kentucky 3 March 2026, Illinois 29 April 2026), two are stayed (Massachusetts 28 May 2026, Georgia 18 May 2026 after remand was denied) and South Carolina's remand motion is undecided.

Lavery (N.D. Ill. 1:25-cv-14184, filed 19 November 2025), two privacy class actions (James, 15 June 2026, and Vazquez, 9 July 2026) and Brown's text-message suit (27 April 2026) are all pending.

What changed in the last 60 days

0 Kalshi cases were filed and 3 changed status between 15 September and 14 November 2026.

• 13 Nov: motion to dismiss in Bright.
• 12 Nov: Louisiana ten-day temporary order; Kalshi's federal TRO motion; Arkansas status.
• 10 Nov: Missouri non-enforcement agreement, per the court tracker.
• 3 or 4 Nov: Ninth Circuit denies rehearing in Nevada, per the court tracker and press.
• 4 Nov: Blue Lake and Chicken Ranch injunction (press-hosted copy); Arkansas AG suit.
• 3 Nov: Second Circuit denies injunction pending appeal in New York and Connecticut.
• 2 Nov: Illinois appeal noticed; 30 Oct: Muscogee Nation tribal-court suit.
• 28 Oct: Utah criminal charges.
• 27 Oct: Seventh Circuit accepts the Ho-Chunk appeal, per the court tracker; Kalshi sues Missouri.
• 20 to 22 Oct: Utah civil suit; New York subpoena case.
• 9 Oct: en banc petitions in Ohio and Tennessee.
• 23 Sept: Bright filed.
• 21 Sept: Montana dismissed.

Next dates in the record are the Louisiana federal hearing on 23 November, the Michigan contempt hearing on 24 November and the Louisiana state hearing on 30 November (all per the court tracker), the Supreme Court responses on 7 December and the New York subpoena hearing on 17 December 2026.

Appeals that can land any day are collected in pending appeals and high court gambling cases.

How courts treated Kalshi's arbitration clause

No court has ruled on Kalshi's arbitration clause: the motion to compel arbitration in the consolidated class action was due on 21 April 2026 under the parties' stipulated schedule, with replies by 11 June 2026, and no ruling had been located by 14 November 2026.

In the sweepstakes casino cases, by contrast, courts have ruled both ways, as the gambling cases and arbitration clauses tracker shows.

Entities and brands on this page

The dockets name five Kalshi entities and two founders, and this page treats them as one group.

The Ninth Circuit recorded in 2026 that sports contracts made up over 90 percent of Kalshi's trades and 95 percent of its revenue in 2025.

Questions people ask

Is there a Kalshi class action settlement or payout?

No. There is no Kalshi settlement, no claim form and no payout date; the consolidated class action in the Southern District of New York has no certified class and Kalshi's motion to compel arbitration is undecided. How a class action runs from filing to payment is in how a gambling class action works, step by step.

Is Kalshi legal in my state?

The honest answer is a court order with a date, not a yes or no: sports contracts are blocked by order in Nevada, Michigan, Washington and (temporarily) Louisiana, stayed in Massachusetts, protected by federal injunction in New Jersey, Illinois, Minnesota and Arizona, and open to state enforcement in New York, Connecticut, Ohio, Tennessee, Utah and Iowa. The order, court and date for every state are in Kalshi court status in every state.

How many states have sued Kalshi, and how many has Kalshi sued?

0 states and cities have sued Kalshi and Kalshi has sued officials in seventeen states plus the CFTC as of 14 November 2026, and six states appear on both sides (Nevada, New York, Connecticut, Utah, Louisiana, Kentucky). The full matrix is in states suing Kalshi and states sued by the CFTC.

How can I sue Kalshi or get my money back?

Users have sued under state gambling-loss recovery statutes in at least 1 class actions and 0 individual suits, and none has produced a judgment or settlement. The statutes by state are in gambling loss recovery statutes by US state.

Whether a claim can succeed against a casino or sportsbook at all is answered in can you sue a casino or sportsbook: grounds that have worked.

What this page does not cover

Whether Kalshi "pays out", total user losses (the USD 36 billion in New York's complaint is a pleading, not a finding), investment risk and the unrelated Abilify drug litigation are out of this site's scope.

Federal versus state authority is in CFTC jurisdiction versus state gambling law; insider trading is in insider trading and manipulation on prediction markets.

Sources and method

Of the 5 cases on this page, 3 carry a status read directly from an order or filed complaint; the rest rest on court press releases, regulator filings and two secondary trackers, cited as "per the court tracker". See methodology and corrections.

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