Washington, United States, July 31, 2026 (AFP) - New York sues Kalshi over 'illegal' gambling

NAMPA / AFP

2026-07-31

New York's attorney general sued prediction market platform Kalshi on Friday, accusing it of running an illegal gambling platform that exposes New Yorkers to "serious personal and financial risk." Prediction markets have rapidly broken into the mainstream in the United States, positioning themselves as an alternative to both traditional polling and licensed sports betting. New York-based Kalshi calls itself a federally regulated "event contracts"......

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