New York Sues Kalshi Over Prediction Markets, Seeks Shutdown & Triple Fines
Covered by 4 sources · 4 articles
4 outlets - including Cryptopotato, Cryptonomist and Crypto and 1 more - are covering this story. New York has filed a lawsuit against Kalshi, accusing it of operating illegal gambling products without a state license.
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New York Sues Kalshi as Legal Pressure on Prediction Markets Intensifies
New York has filed a lawsuit against Kalshi, accusing it of operating illegal gambling products without a state license.
New York Kalshi lawsuit demands $100K per wager and triple-gain fines
New York has drawn a hard line against prediction markets — and Kalshi is the latest target. The state filed a lawsuit against the federally licensed platform on July 31, alleging it operates an unlicensed gambling business in violation of…
New York sues Kalshi, seeks $36B in penalties over prediction markets
New York has sued Kalshi, seeking to block its prediction markets and recover at least $36 billion in penalties and restitution over alleged violations of the state’s gambling laws. According to the New York Attorney General’s Office, Attor…
New York Sues Kalshi Over Prediction Markets, Seeks Shutdown & Triple Fines
The state seeks a shutdown, restitution, disgorgement, a penalty of three times Kalshi's gains, and $100,000 per unauthorized sports offering.