New York sues Kalshi prediction market alleging ‘illegal gambling operation’
New York sued prediction market platform Kalshi on Friday, calling it an "illegal, unlicensed gambling operation" and seeking to halt its operations and force profit forfeiture. Attorney General Letitia James said Kalshi violates state gambling laws by allowing users as young as 18 and failing to obtain required licenses.
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Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 31 Jul 2026, 14:32 UTC · Updated 31 Jul 2026, 15:30 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections