New York sues Kalshi prediction market alleging ‘illegal gambling operation’
New York Kalshi lawsuit
Covered by 9 sources
- Al Jazeera·9h agoNew York sues Kalshi, says its prediction markets are ‘illegal gambling’
New York is one of many states with cases against Kalshi and others in dispute with Trump gov't on who gets to regulate.
Read at Al Jazeera → - Inc Magazine·10h agoNew York Says Kalshi Is Illegal Gambling. Kalshi Says the State Is Trying to Kill Prediction Markets
The state wants the $22 billion exchange to repay customers nationwide, surrender its proceeds, and pay triple its alleged gains—plus $100,000 for each unauthorized sports bet.
Read at Inc Magazine → - CNBC Top News·12h agoNew York sues Kalshi, says prediction market is running 'illegal gambling operation'
It comes after a federal judge earlier this month denied Kalshi's attempts to intervene against the state's Gaming Commission.
Read at CNBC Top News → - Globe and Mail Biz·12h agoNew York sues Kalshi, alleging its prediction markets are illegal gambling
Lawsuit escalates a rapidly expanding battle over regulation of the fast-growing prediction markets industry
Read at Globe and Mail Biz → - Guardian Business·13h agoNew York sues Kalshi prediction market alleging ‘illegal gambling operation’
Calling it an ‘illegal, unlicensed gambling operation’, state seeks to halt Kalshi’s operations and force it to forfeit profits New York officials sued the prediction market platform Kalshi on Friday, calling it an “illegal, unlicensed gambling operation” as the state seeks to…
Read at Guardian Business → - Independent World·14h agoNew York sues Kalshi and labels prediction market platform an ‘illegal gambling operation’
A tangle of lawsuits is growing as states try to use their gambling laws to shut down Kalshi, Polymarket and other prediction market operators
Read at Independent World → - Economic Times India·14h agoNew York sues online prediction markets giant KalshiRead at Economic Times India →
- ARY News PK·16h agoNew York sues Kalshi over ‘illegal’ gambling
New York sues Kalshi over ‘illegal’ gambling
Read at ARY News PK → - ET Tech·22h agoNew York sues Kalshi, says its prediction markets are illegal gambling
New York's attorney general has sued Kalshi, alleging its prediction market platform operates illegally. The state claims Kalshi lacks a required gambling license to offer such services. This action follows similar lawsuits filed against other prediction market operators in New…
Read at ET Tech →
