Kalshi sues New York gaming commission over prediction-market enforcement
Kalshi filed a federal lawsuit against the New York State Gaming Commission seeking to block enforcement of a cease-and-desist order issued the previous week. The company argues that federal regulators, rather than state gambling authorities, oversee its sports event markets; the order alleged that Kalshi offered sports betting without a state licence.
The case tests whether New York can enforce state gambling rules against Kalshi’s sports prediction markets.