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New York sues Kalshi, will seek damages, alleging it offers gambling platform
The state is seeking a penalty equal to three times Kalshi’s gains from the activity, plus $100,000 for each unauthorized or attempted offer of sports or mobile sports wagering,.
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forbes.com
The Tax Reasons For New York To Treat Kalshi Like A Sportsbook
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.
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economictimes.indiatimes.com
New York sues Kalshi, says its prediction markets are illegal gambling - The Economic Times
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…
