New York sues Kalshi, alleging it operated an illegal gambling service without a state license and seeking at least $36 billion in damages.

ahboyashreads (@ahboyashreads), Jul 31, 2026, 07:46 UTC

New York sues Kalshi, alleging it operated an illegal gambling service without a state license and seeking at least $36 billion in damages. The lawsuit could set a significant legal precedent for how prediction markets are regulated at the state level across the United States. Source

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