New York has filed a lawsuit against Kalshi, a leading prediction market platform, over allegations of running an illegal gambling operation. Attorney General Letitia James says Kalshi broke state law by letting users place wagers without a license from the New York State Gaming Commission. What Is ...
New York is suing Kalshi, a popular prediction market platform, for allegedly operating an illegal gambling operation. Attorney General Letitia James claims Kalshi violated state laws by accepting wagers without a gaming license. This lawsuit could change how prediction markets work in the U.S. What...