Quartz·1 min read·medium

New York sued Kalshi for running an illegal gambling operation

Cris Tolomia
AI Summary

The state of New York has filed a lawsuit against the prediction market platform Kalshi, alleging that it operates an illegal gambling business. The state is seeking significant financial penalties and restitution.

The state is seeking up to $36 billion in penalties, disgorgement, and restitution from the prediction market platform

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New York sued Kalshi for running an illegal gambling operation — Headlinne — headlinne