AP News·4 min read·medium

New York officials call Kalshi an 'illegal gambling operation' in new lawsuit

D
Dave Collins
New York officials call Kalshi an 'illegal gambling operation' in new lawsuit
AI Summary

New York state officials have filed a lawsuit against the prediction market platform Kalshi, labeling it an illegal gambling operation. The state seeks to halt the platform's operations and forfeit profits, while Kalshi maintains it is a federally regulated exchange.

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