New York Attorney General Letitia James has filed a lawsuit against Kalshi, claiming that the prediction market is operating an illegal gambling operation. The lawsuit alleges that Kalshi is accepting wagers without a license from the state's gaming commission, violating state laws. An investigation by the Office of the Attorney General found that Kalshi exposes New York residents, including individuals under the legal gambling age of 21, to significant personal and financial risks. The state is seeking a court order to prevent Kalshi from operating in New York and to require restitution.
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New York Attorney General files lawsuit against Kalshi for alleged illegal gambling
New York Attorney General Letitia James has sued Kalshi, alleging that the company is running an illegal gambling operation by accepting wagers without the necessary state license. The lawsuit claims that Kalshi poses risks to New York residents, including minors, and seeks to block the company's operations in the state.
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New York sues Kalshi for allegedly running an ‘illegal gambling operation’
New York Attorney General files lawsuit against Kalshi for alleged illegal gambling