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New York gaming commission asks court to compel Kalshi records

Regulation

The New York State Gaming Commission petitioned a Manhattan court on 22 October to require Kalshi to respond to subpoenas in an investigation into possible state gambling-law violations. It seeks records on sports contracts, advertising, users under 21 and corporate ownership, saying the material will help determine whether civil penalties are warranted; Kalshi maintains its contracts are federally regulated financial products.

The court’s order could determine what records Kalshi must provide in the commission’s investigation of its New York operations.

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New York commission reports September gambling revenue figures

The New York State Gaming Commission reported September gambling figures, according to a report. Land-based gross gaming revenue was $184 million, down 7% from August’s $199 million, while online sports betting handle reached $2.4 billion, up from $1.7 billion a year earlier. Online sports betting gross gaming revenue was $159 million.

Land-based gambling in New York generated $184m in gross gaming revenue in September, a 7% decrease from $199m in August, according to data from the New York State Gaming Commission. Net revenue for the sector was $109.5m, down from $118.9m the previous month.

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