Kalshi fights New York bid to move prediction market case to state court from federal court

Kalshi is pushing to keep New York’s lawsuit against the prediction-market operator in federal court, saying the state’s case cannot be resolved without answering key questions about federal commodities and gambling law. In an August 21 filing in the U.S. District Court for the Southern District of New York, Kalshi challenged Attorney General Letitia James’ effort to send the dispute back to state court.