New York's attorney general has sued Kalshi, alleging its prediction market platform operates illegally. The state claims Kalshi lacks a required gambling license to offer such services. This action follows similar lawsuits filed against other prediction market operators in New York. Kalshi previously sought an injunction against state enforcement but was unsuccessful. The lawsuit seeks to halt Kalshi's operations and recover illegal gains.

New York sued Kalshi for illegal gambling, but the real motive is tax revenue. Here's the tax wedge behind the lawsuit — and what it means for bettors.

New York's attorney general has sued Kalshi, alleging its prediction market platform operates illegally. The state claims Kalshi lacks a required gambling license to offer such…

New York's attorney general has sued betting platform Kalshi for operating an illegal gambling business. The lawsuit seeks to halt Kalshi's operations and impose significant…

New York state sued Kalshi in state court, claiming the company is illegally operating a gambling platform.