New York sues Kalshi over illegal gambling claims, seeks $36 billion in damages
Covered by 10 sources · 11 articles
10 outlets - including Cryptobriefing, Nftplazas and Tronweekly and 7 more - are covering this story. New York has filed a sweeping lawsuit against prediction market platform Kalshi, accusing the company of operating an illegal gambling business and seeking penalties that could total at least $36 The post New York Sues Kalshi, Calls Predict…
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New York Sues Kalshi, Calls Prediction Market an ‘Illegal Gambling Operation,’ Seeks $36 Billion
New York has filed a sweeping lawsuit against prediction market platform Kalshi, accusing the company of operating an illegal gambling business and seeking penalties that could total at least $36 The post New York Sues Kalshi, Calls Predict…
Kalshi Lawsuit Seeks $36 Billion as New York Alleges Illegal Gambling
New York has filed a lawsuit against Kalshi, alleging the prediction market platform offered unlicensed event contracts that violate the state's gambling laws. The case seeks billions in damages and could become a landmark legal battle over…
New York sues Kalshi for running an illegal gambling operation
A New York victory could empower state regulators over prediction markets, challenging federal oversight and reshaping compliance strategies.
New York Seeks at Least $36 Billion From Kalshi as CFTC Moves to Block Lawsuit
The New York attorney general’s sweeping state-court action seeks to halt Kalshi event contracts and recover billions, while federal regulators are asking a judge to stop New York from pursuing the case The post New York Seeks at Least $36…
New York Files Lawsuit Against Kalshi Over Alleged Illegal Gambling Products
TL;DR Legal Action: New York’s lawsuit against Kalshi seeks to halt its event contracts, impose steep financial penalties, and recover alleged unlawful gains. Regulatory Clash: The case intensifies the jurisdictional fight between state reg…
New York sues Kalshi for allegedly operating illegal gambling, seeks $36 billion in damages
A New York victory could set a precedent, prompting states to demand gambling licenses from prediction markets, impacting crypto platforms. The post New York sues Kalshi for allegedly operating illegal gambling, seeks $36 billion in damages…
New York Sues Prediction Market Kalshi Over Alleged Unlicensed Gambling
BitcoinWorld New York Sues Prediction Market Kalshi Over Alleged Unlicensed Gambling New York state has filed a lawsuit against Kalshi, a prediction market platform, accusing it of operating unlicensed gambling services within the state. Th…
New York AG Seeks $36B From Kalshi Over 'Illegal Gambling'
The CFTC asked a court to stop New York enforcing against the prediction market the day before the state filed.
New York sues Kalshi over alleged illegal gambling operation
The lawsuit adds to a growing clash between New York and the CFTC over whether federally regulated prediction markets are subject to state gambling laws.
New York sues Kalshi over illegal gambling claims, seeks $36 billion in damages
New York State is seeking at least $36 billion in compensatory damages from Kalshi, pending a full accounting.
New York sues Kalshi, says prediction markets constitute illegal gambling