New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet
- Posted on July 31, 2026
- By Fortune
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- 1 min read
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New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet
The state claims Kalshi is an unlicensed sportsbook, while the prediction market says New York has no authority since it is regulated by a federal agency.