New York sues prediction market platform Kalshi alleging illegal gambling operation
New York officials sued prediction market platform Kalshi on Friday, calling it an “illegal, unlicensed gambling operation” as the state seeks to halt its operations and force the company to forfeit its profits. New York joins a growing number of states filing lawsuits against Kalshi and other companies in a dispute with President Donald Trump's administration over who regulates the fast-growing prediction market. Kalshi and other platforms argue they are federally licensed and regulated,...
Read MoreFri, 31 Jul 2026
- New York sues prediction market platform Kalshi alleging illegal gambling operation
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