New York sues Kalshi, alleges it offers a gambling platform ‘plain and simple’
The suit wants to bar the company from operating what it says is an unlicensed gambling business and seeks financial redress.
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Summary
- New York State sued prediction-market platform Kalshi, accusing it of running an unlicensed gambling business and seeking to bar it from operating in the state.
- Attorney General Letitia James said Kalshi’s event contracts are illegal bets, including on sports, elections and culture, and alleges the platform allows underage wagering.
- The lawsuit, filed in the New York Supreme Court, seeks triple Kalshi’s gains, $100,000 per unauthorized or attempted wager offer and a full accounting of customer bets, losses and company profits.
