BUSINESSTHE BLOCK
New York sues Kalshi over illegal gambling claims, seeks $36 billion in damages
New York State is suing Kalshi over illegal gambling claims and seeking at least $36 billion in compensatory damages. The lawsuit is pending a full accounting of damages.
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Adjacent reporting
- New York Attorney General sues two prediction markets on illegal gambling allegations
- Kalshi files same-day appeal of NY court's rejection of bid to block state gambling law enforcement
- Wisconsin sues Kalshi, Polymarket, others over sports event contracts
- New York Sues Coinbase and Gemini Over Prediction Markets, Seeking Billions in Damages
- Wisconsin sues Kalshi, Polymarket, Robinhood, Crypto.com and Coinbase over sports event contracts