New York Targets Kalshi Over Gambling Claims | New York City News

New York City News Today | 2 Min News | The Daily News Now! · Jul 31, 2026 · 2m

New York is cracking down on Kalshi, accusing the prediction betting platform of running an illegal gambling operation — despite its claims of offering legal sports betting nationwide. The state argues Kalshi’s bets on unpredictable future events like elections and sports outcomes qualify as gambling under New York law, putting users at risk and potentially targeting minors. The lawsuit seeks to shut Kalshi down, seize illegal profits, and recover damages — a move Kalshi calls “political theater,” warning that banning it will drive users to offshore sites. Listen in comfort:Get a discount on…