What You Should Know about Kalshi
Prediction market faces legal challenges on multiple fronts.
In February 2014, a federal judge dismissed a class-action lawsuit against Motorola because the parties settled all of the claims. The complaint, which was originally filed 2013, alleged that the company markets the MOTOACTV GPS sports watch as a rugged, durable, sweat-proof, and rain-resistant device when, in reality, the watch malfunctions when it comes in contact with sweat and moisture. The judge dismissed the case with prejudice, meaning that the plaintiffs cannot refile. The terms of the settlement could not be determined. (Connery et al v. Motorola Mobility, Inc. and Motorola Solutions, Inc., Case No. 13-cv-06395, S. D. NY.).
For more information about other class-action lawsuits against Motorola and TINA.org’s coverage of the company, click here.
Prediction market faces legal challenges on multiple fronts.
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