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New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet

  • Posted on July 31, 2026
  • By Fortune
  • 0 Views
  • 1 min read
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New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet
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.
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Author
Fortune

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