Calling it an ‘illegal, unlicensed gambling operation’, state seeks to halt Kalshi’s operations and force it to forfeit profitsNew York officials sued the prediction market platform Kalshi on Friday, calling it an “il...
See moreCalling it an ‘illegal, unlicensed gambling operation’, state seeks to halt Kalshi’s operations and force it to forfeit profits
New York officials sued the prediction market platform Kalshi on Friday, calling it an “illegal, unlicensed gambling operation” as the state seeks to halt its operations and force the company to forfeit its profits.
New York joins a growing number of states filing lawsuits against Kalshi and other companies in a dispute with the Trump administration over who regulates the fast-growing prediction market. Kalshi and other platforms argue they are federally licensed and regulated, and that states have no authority to govern them.
Continue reading...
Calling it an ‘illegal, unlicensed gambling operation’, state seeks to halt Kalshi’s operations and force it to forfeit profitsNew York officials sued the prediction market platform Kalshi on Friday, calling it an “il...
See more