The suit wants to bar the company from operating what it says is an unlicensed gambling business and seeks financial redress.
- New York State sued prediction-market platform Kalshi, accusing it of running an unlicensed gambling business and seeking to bar it from operating in the state.
- Attorney General Letitia James said Kalshi’s event contracts are illegal bets, including on sports, elections and culture, and alleges the platform allows underage wagering.
- The lawsuit, filed in the New York Supreme Court, seeks triple Kalshi’s gains, $100,000 per unauthorized or attempted wager offer and a full accounting of customer bets, losses and company profits.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Bank group sues U.S. regulator over granting crypto trust charters
SEC proposes new crypto custody rules for investment advisers and funds
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