New York Gaming Commission asks court to enforce Kalshi subpoenas
Summary
The New York Gaming Commission has asked a court to enforce subpoenas issued to Kalshi, reportedly seeking records to assess possible civil penalties. Kalshi maintains that its event contracts are financial products regulated by the CFTC.
Why it matters
The court’s decision could determine whether New York can obtain records to assess possible civil penalties against Kalshi.
Cite as: SectorWire, “New York Gaming Commission asks court to enforce Kalshi subpoenas”, https://sectorwire.news/item/new-york-gaming-commission-asks-court-to-enforce-kalshi-subpoenas/