New York officials sue Kalshi over alleged gambling-law breaches
New York Governor Kathy Hochul and Attorney General Letitia James filed a lawsuit accusing prediction-market operator Kalshi of violating state gambling laws, according to a report. The report’s headline describes the action as a $36bn legal case, but the supplied text gives no further detail on that figure. The claims are allegations, and the source excerpt does not provide Kalshi’s response or the case’s status.
The lawsuit challenges Kalshi’s ability to offer prediction markets in New York under state gambling law.