New York sues Kalshi, claiming its unlicensed gambling
Mashable
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New York state sued prediction market platform Kalshi for operating an unlicensed gambling business, alleging it violates state gaming laws and exposes users to financial risks. The lawsuit demands fines, forfeiture of illegal gains, and restitution to affected users. This legal action follows similar suits against Coinbase and Gemini and ongoing disputes over regulatory jurisdiction between New York and the federal CFTC.
