New York has filed a lawsuit against Kalshi, claiming that its prediction markets constitute illegal gambling. This lawsuit is part of a broader legal dispute involving multiple states and the Trump administration regarding regulatory authority over such markets.
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New York Files Lawsuit Against Kalshi Over Prediction Markets
New York has initiated legal action against Kalshi, alleging that its prediction markets are illegal gambling. This lawsuit is part of a larger conflict involving several states and the Trump administration over regulatory jurisdiction.
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New York sues Kalshi, says its prediction markets are ‘illegal gambling’
New York Files Lawsuit Against Kalshi Over Prediction Markets