The Verge·3 min read·medium
New York sues Kalshi for allegedly running an ‘illegal gambling operation’
E
Emma Roth
✦AI Summary
New York Attorney General Letitia James has filed a lawsuit against the prediction market Kalshi, alleging it operates an illegal gambling platform without a state license. The state seeks to block the company's operations and provide restitution to users.
New York is suing Kalshi over claims the prediction market is running “an illegal gambling operation.” In the lawsuit, New York Attorney General Letitia James accuses Kalshi of violating state laws by accepting wagers without a license from the state’s gaming commission, as reported earlier by CNBC.
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