Ars Technica·3 min read·medium
Judge rejects Kalshi attempt to override New York state gambling laws

✦AI Summary
A federal judge has ruled that the prediction market platform Kalshi is not exempt from New York state gambling laws despite its federal registration. Kalshi is currently appealing the decision, which impacts the broader regulatory landscape for prediction markets in the US.
Kalshi loses a bet Judge rejects Kalshi attempt to override New York state gambling laws Kalshi tried to ignore gambling laws on its prediction market, NY governor says.
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