New York sues Kalshi for running illegal gambling operation, seeks up to $36B in penalties

New York state has sued prediction market platform Kalshi, alleging it operates an illegal gambling operation. The state is seeking up to $36 billion in penalties, disgorgement, and restitution.

• New York sues Kalshi, calling it an ‘illegal gambling operation’
• New York sued Kalshi for running an illegal gambling operation
• New York Sues Kalshi For Running 'Illegal Gambling Operation'