Whichever lawyer(s) drafted this up did not do enough research into Kalshi. There are many holes in this that make their case extremely inaccurate. For example, point number 56 is objectively false and proves the plaintiff does not understand what they are writing about. “Defendants Kalshi Trading LLC and KalshiEX, both wholly owned subsidiaries of Kalshi, operate as highly sophisticated "market makers," which bet against consumers.” KalshiEX does not trade on Kalshi and does not operate as a highly sophisticated market maker. This isn’t my own opinion, it’s just a matter of fact. Point number 58 is even more incorrect. I shouldn’t have to explain why. “Upon information and belief, Kalshi coordinates directly with its market makers to set betting lines.” Once I do a full reading of this lawsuit, I’ll write some further thoughts. My expectation is that this goes nowhere when you consider that the primary argument is that users are forced to “bet against the house.” Kalshi is the only DCM to make their API publicly accessible to 100% of their traders. More power to the users!