New York sues Kalshi over illegal gambling operation claims
New York Attorney General Letitia James has filed a lawsuit against Kalshi, a prediction market platform, alleging it operates as an illegal gambling operation in violation of state law. The suit contends that Kalshi accepted wagers without obtaining the required license from New York's gaming commission. The investigation by the Attorney General's Office challenges the platform's legal standing to operate in the state.
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New York sues Kalshi for allegedly running an ‘illegal gambling operation’
New York Attorney General Letitia James has filed a lawsuit against Kalshi, a prediction market platform, alleging it operates as an illegal gambling operation in violation of state law. The suit contends that Kalshi accepted wagers without obtaining the required license from New York's gaming commission. The investigation by the Attorney General's Office challenges the platform's legal standing to operate in the state.
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