New York sues Kalshi prediction market alleging ‘illegal gambling operation’

The Guardian Business · Published 7h ago · Impact 79%

Calling it an ‘illegal, unlicensed gambling operation’, state seeks to halt Kalshi’s operations and force it to forfeit profits The state of New York has filed a lawsuit against Kalshi, accusing the prediction market operator of “running an illegal gambling operation”. The lawsuit, filed on Friday,

Steady / neutral66%

PositivePossible support for stability, investment or market confidence

RiskInflation, volatility, borrowing costs or weaker growth

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