New York Sues Prediction Market Kalshi Over Illegal Gambling
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New York's Attorney General Letitia James and Governor Kathy Hochul have filed a lawsuit against the prediction market platform Kalshi, alleging it operates an illegal gambling service that exposes residents, including minors, to significant personal and financial risks. The lawsuit seeks an injunction against the platform's operations, an unspecified fine, damages for users, and the forfeiture of any illegal profits.
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