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New York sues Kalshi, alleges prediction market is illegal gambling
New York sued Kalshi Friday, alleging its prediction market is nothing more than illegal, unlicensed gambling, because outcomes depend more on chance than skill.
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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…
