New York Sues Kalshi for Illegal Gambling
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New York's Attorney General Letitia James has filed a lawsuit against Kalshi, alleging that the company's prediction markets constitute illegal gambling. The suit seeks $36 billion in damages and claims that Kalshi is running an 'illegal gambling operation'. The state argues that Kalshi's platform is essentially a gambling platform 'plain and simple', despite the company's claims that it facilitates non-monetary, informational markets.
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New York sues Kalshi, says prediction markets constitute illegal gambl...
New York sues Kalshi, alleges it offers a gambling platform 'plain and...
New York sues Kalshi, says prediction market is running 'illegal gambl...
It's A Gambling Platform "Plain And Simple"; New York Sues Kalshi http...
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