gambling operation
Coverage of gambling operation in the Nexus archive.
- NY looks to shut down Kalshi, have it pay $36 billion in new lawsuit
New York Governor Hochul and State Attorney General James have filed a lawsuit against Kalshi, alleging that its prediction market is a disguised gambling operation and seeking $36 billion in penalties.
- 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.
- Encino robbery at alleged gambling operation; 3 detained so far
Three people were detained after a robbery involving force at an alleged gambling operation in Encino. The incident occurred around 1:05 p.m. near Valley Vista Boulevard and Sherman Oaks Avenue, as reported by the Los Angeles Police Department.