New York vs. Kalshi: $36B Fight Over Prediction Markets
Covered by 4 sources · 4 articles
4 outlets - including Cryptodaily, Coinedition and Coinpedia and 1 more - are covering this story. New York court denial of Kalshi’s injunction and fresh state actions put prediction markets in a legal squeeze. Here’s how traders can navigate the gray.
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Kalshi vs New York: Are Prediction Markets Gambling?
New York court denial of Kalshi’s injunction and fresh state actions put prediction markets in a legal squeeze. Here’s how traders can navigate the gray.
Why New York’s Lawsuit Against Kalshi Could Reshape Prediction Markets
New York Governor Kathy Hochul and Attorney General Letitia James have announced that the state is suing KalshiEX LLC (Kalshi) for running an illegal gambling operation. Kalshi allegedly violated state gaming laws by allowing bets on sports…
New York Hits Kalshi With $36B Lawsuit Over Gambling Claims
New York vs. Kalshi: $36B Fight Over Prediction Markets
New York seeks to block Kalshi contracts, while the CFTC moves to limit state enforcement against federally registered platforms.