Trump administration orders Kalshi to keep operating despite New York lawsuit
The Trump administration is attempting to override New York state gambling laws by ordering prediction market platform Kalshi to continue operating despite legal action from the state. The administration claims that New York's lawsuit against Kalshi constitutes a "market emergency" that justifies federal intervention. This represents a significant clash between federal and state regulatory authority over the legality of political prediction markets.
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US tries to override New York gambling laws, orders Kalshi to keep operating
The Trump administration is attempting to override New York state gambling laws by ordering prediction market platform Kalshi to continue operating despite legal action from the state. The administration claims that New York's lawsuit against Kalshi constitutes a "market emergency" that justifies federal intervention. This represents a significant clash between federal and state regulatory authority over the legality of political prediction markets.
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