Business

New York Sues Kalshi Over Illegal Gambling Operation

Updated 2026-07-31 12:55 UTC 2 sources Negative

The state of New York has sued prediction market company Kalshi, alleging it is running an illegal gambling operation. The case comes after a federal judge denied Kalshi's attempts to intervene against the state’s Gaming Commission.

Coverage timeline — 2 articles
CNBC
It comes after a federal judge earlier this month denied Kalshi's attempts to intervene against the state's Gaming Commission.
2026-07-31 12:41 UTC
MarketWatch
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2026-07-31 12:43 UTC
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