Elisabeth Diana
Coverage of Elisabeth Diana in the Nexus archive.
- New York sues prediction market platform Kalshi alleging ‘illegal gambling operation’
New York officials sued prediction market platform Kalshi, alleging it operates as an illegal, unlicensed gambling platform. The state seeks to halt Kalshi's operations, forfeit its profits, and impose fines, while Kalshi argues it is federally licensed and regulated.
- NY sues prediction market Kalshi for $36 billion in move to effectively shut down what they call an ‘illegal gambling operation’
New York State has sued prediction market Kalshi for $36 billion, alleging it operates as an illegal gambling platform without a state license. Kalshi argues it is a federally licensed exchange and claims the lawsuit aims to shut it down and ban its operations nationwide.
- New York sues prediction market platform Kalshi alleging 'illegal gambling operation'
New York officials sued prediction market platform Kalshi, alleging it operates as an illegal, unlicensed gambling operation. Kalshi claims it is federally licensed and argues states have no authority to regulate it, while New York seeks to halt its operations and force profit forfeiture. The lawsuit highlights a broader dispute between states and federal regulators over prediction market oversight.
- Kalshi is running a lot of 'Love Island' ads on TikTok
Kalshi is running targeted TikTok ads for 'Love Island' betting, leading to a significant increase in female users but also some fan backlash. The ads feature user-generated content showcasing betting successes, though critics argue the ads and betting culture intrude on the show's enjoyment.