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New York sues Kalshi over alleged illegal gambling operation
New York has filed a lawsuit against Kalshi, alleging it operates an illegal gambling operation. The case highlights a growing conflict between New York and the CFTC regarding the application of state gambling laws to federally regulated prediction markets.
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- New York sues Kalshi over illegal gambling claims, seeks $36 billion in damages
- New York AG Seeks $36B From Kalshi Over 'Illegal Gambling'
- CFTC sues New York over bid to apply gambling laws to prediction markets
- 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