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Wallach Legal

Coverage of Wallach Legal in the Nexus archive.

Earliest in view: Jul 31 · 17:40 UTCMost recent: Jul 31 · 17:40 UTC
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  • BUSINESSJul 31 · 17:40 UTCFORTUNE
    New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet

    New York sued Kalshi, a prediction markets platform, accusing it of operating an unlicensed gambling service and seeking $100,000 penalties per unauthorized bet, which could total $36 billion. Kalshi, which recently tripled its annualized trading volume to $178 billion, faces state enforcement actions amid a broader legal conflict with the Commodity Futures Trading Commission (CFTC) over federal jurisdiction over prediction markets.

Wallach Legal · Dossier · The Nexus