New York Sues Kalshi, Labels Prediction Market Platform an 'Illegal Gambling Operation'

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Technology

1 August 2026 at 1:39 am

New York Sues Kalshi, Labels Prediction Market Platform an 'Illegal Gambling Operation'

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Summary

New York State has filed a lawsuit against the prediction market platform Kalshi, labeling it an "illegal gambling operation," as states increasingly use gambling laws to target such operators.

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