Feed / Enforcement & compliance
By SectorWire desk ·
The report said that New York sought $36bn in damages and a block on Kalshi’s prediction market. Letitia James, the attorney general, alleges that Kalshi runs an unlicensed gambling business.
The lawsuit seeks damages and an order restricting Kalshi’s operations.
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The lawsuit contests Kalshi’s legal authority to offer its products in New York.
The lawsuit challenges Kalshi’s event-contract operations under New York gambling rules.
The lawsuit challenges Kalshi’s authority to offer event contracts in New York.
The lawsuit seeks to stop Kalshi’s New York operations and recover money for consumers.
The settlement closes New York's legal action against VGW and includes financial penalties.
The agreement allows New York authorities to pursue enforcement if VGW breaches its settlement obligations.