Feed / Enforcement & compliance
By SectorWire desk ·
New York Attorney General Letitia James filed a lawsuit against Kalshi. Her office alleged that the platform lacked the NYSGC authorisation required to operate legally in the state.
The lawsuit contests Kalshi’s legal authority to offer its products in New York.
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The lawsuit seeks to stop Kalshi’s New York operations and recover money for consumers.
Kalshi faces a state legal challenge over whether its prediction market complies with gambling law.
The lawsuit adds to the legal uncertainty facing Kalshi’s prediction-market operations.
The lawsuit challenges Kalshi’s event-contract operations under New York gambling rules.
The lawsuit seeks damages and an order restricting Kalshi’s operations.
The lawsuit challenges Kalshi’s authority to offer event contracts in New York.