New York Escalates Legal Fight Against Kalshi Platform
New York has intensified its dispute with prediction market operator Kalshi, filing a lawsuit that seeks billions of dollars in penalties and alleging that the company has been running an unlicensed gambling business in the state. Governor Kathy Hochul and Attorney General Letitia James announced the legal action against KalshiEX, LLC, arguing that the company’s prediction market offerings fall within New York’s legal definition of gambling. State officials contend that Kalshi has operated without obtaining the licenses required under New […] The post New York Escalates Legal Fight Against Kalshi Platform appeared first on World Casino News.
New York has intensified its dispute with prediction market operator Kalshi, filing a lawsuit that seeks billions of dollars in penalties and alleging that the company has been running an unlicensed gambling business in the state. Governor Kathy Hochul and Attorney General Letitia James announced the legal action against KalshiEX, LLC, arguing that the company’s prediction market offerings fall within New York’s legal definition of gambling. State officials contend that Kalshi has operated without obtaining the licenses required under New […]
The post New York Escalates Legal Fight Against Kalshi Platform appeared first on World Casino News.
