New York alleges Kalshi running illegal gambling operation

Source: thehill.com · Section: politics · Bias: Center-Right · Published: Fri, 31 Jul 2026 15:21:37 GMT

The state of New York sued Kalshi on Friday, accusing the prediction market of running an illegal gambling operation. The lawsuit alleges the company is operating a gambling business in "flagrant disregard" of Empire State laws, failing to get a license from the state gaming commission and skirting related taxes. It also argues the platform...

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