Last week, the New York Attorney General’s office sued the prediction market Kalshi for operating an illegal gambling ...

Legal experts say lawsuit reflects ideological divide as Bruce Blakeman weighs in and court filings accuse New York of ...

Kalshi, which is headquartered in New York, has already been sued by multiple states.

New York sues Kalshi, seeking $36 billion in penalties over alleged illegal gambling and unlicensed prediction markets ...

New York sued Kalshi for $36 billion on July 31, 2026, four days after a federal judge blocked Minnesota's ban. The courts ...

New York sued Kalshi for illegal gambling, but the real motive is tax revenue. Here's the tax wedge behind the lawsuit — and ...

The state of New York has filed a lawsuit against prediction market company Kalshi, claiming it is operating illegally in the ...

Kalshi and other prediction market platforms argue they are federally licensed and regulated, and that states have no ...

The suit also states that 18- to 20-year-olds can bet on Kalshi, but New York law requires sports bettors to be 21 and over.

New York Attorney General Letitia James (D) sued prediction market platform Kalshi on Friday, accusing the federally regulated exchange of operating an illegal gambling business in the state, ...

"No matter what they call themselves, prediction markets like Kalshi are gambling platforms, plain and simple," New York's ...

In a statement, James said Kalshi violates New York's anti-gambling laws, which are designed to protect minors from betting and combat gambling addiction in adults. "No ...