New York sues online prediction markets giant Kalshi
- Posted on July 31, 2026
- By Business News Today
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- 1 min read
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New York sues online prediction markets giant Kalshi
New York's attorney general has sued betting platform Kalshi for operating an illegal gambling business. The lawsuit seeks to halt Kalshi's operations and impose significant financial penalties on the company. Prediction markets like Kalshi are facing scrutiny over allegations of corruption and insider trading. New York officials argue these platforms harm residents by ignoring state gambling laws.
