New York sues Kalshi for allegedly running an ‘illegal gambling operation’

New York is suing Kalshi over claims the prediction market is running "an illegal gambling operation." In the lawsuit , New York Attorney General Letitia James accuses Kalshi of violating state laws by accepting wagers without a license from the state's gaming commission, as reported earlier by CNBC . An investigation from the Office of the Attorney General (OAG) found Kalshi exposes New York residents "to serious personal and financial risk," including people under the legal gambling age of 21,