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New York Targets Kalshi in $36B Gambling Lawsuit | Tulsa News
New York is suing Kalshi, a prediction market platform, for potentially billions—demanding it return all illegal profits, pay restitution, and face fines up to triple its earnings, citing gambling violations, underage betting, and failure to comply with state laws. While Kalshi argues it’s federally regulated like a stock exchange and shouldn’t be subject to state gambling rules, New York insists it’s pure gambling—and the battle is part of a nationwide legal tug-of-war as states try to ban these platforms while federal courts step in to block such bans. Listen in comfort:Get a discount on a…
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