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New York plaintiffs sue Kalshi over alleged unlicensed sports betting

Regulation

A group of plaintiffs filed a lawsuit against Kalshi in New York, alleging that it operated an unlicensed sports-betting platform and misled users about the legality of its services. The suit seeks to hold the company accountable for wagers it alleges were generated through unlawful operations; one named plaintiff later withdrew from the case, citing concerns about being misrepresented.

The lawsuit alleges unlawful sports betting and misleading claims, raising challenges for Kalshi’s US operations.

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Regulation

New York sues Polymarket over unlicensed sports betting

New York has sued Polymarket, alleging the prediction platform offers sports wagers without the required licence. The state also says the platform is open to users from age 18, while the minimum age for legal mobile sports betting in New York is 21. Polymarket says its event contracts fall under federal Commodity Exchange Act oversight by the CFTC.

New York state has filed a lawsuit against Polymarket, alleging that the prediction platform offers sports wagers without the required licence. Attorney General Letitia James and Governor Kathy Hochul announced the case on Thursday, according to the source. The complaint is directed at QCX LLC, the company behind Polymarket US, which the authorities say runs an illegal gambling operation in New York.

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