New York alleges Kalshi running illegal gambling operation

The state of New York sued Kalshi on Friday, accusing the prediction market of running an illegal gambling operation. The lawsuit alleges the company is operating a gambling business in "flagrant disregard" of Empire State laws, failing to get a license from the state gaming commission and skirting related taxes. It also argues the platform...

The state of New York sued Kalshi on Friday, accusing the prediction market of running an illegal gambling operation. The lawsuit alleges the company is operating a gambling business in "flagrant disregard" of Empire State laws, failing to get a license from the state gaming commission and skirting related taxes. It also argues the platform...