Suit over someone else’s gambling losses flops

CHICAGO — A federal court in Illinois dismissed a plaintiff’s lawsuit seeking to recover another gambler’s losses due to allegedly illegal practices by prediction market operator Kalshi. The litigant sued under a theory derived from the 18th-century English law known as the Statute of Anne, which he asserts allows him to sue a gambling winner to recover losses incurred by a third party who lost money so long as the third party failed to file suit within a certain timeframe. The court lacks personal jurisdiction because the plaintiff failed to show Kalshi engaged in relevant transactions in Illinois, and the complaint does not plausibly allege where or when the purported gambling losses occurred.