New York Sues Kalshi as State and CFTC Fight Over Prediction Market Oversight
New York Attorney General Letitia James filed a $36 billion lawsuit against Kalshi on July 31, calling it an illegal…
Articles by Naomi Castellan
New York Seeks Up to $36 Billion From Kalshi as NFL Urges CFTC Sports-Contract Limits
New York Governor Kathy Hochul and AG Letitia James filed a $36 billion civil enforcement action against Kalshi on July…
New York Sues Kalshi Over Alleged Illegal Gambling, Seeking Up to $36 Billion
New York filed a civil enforcement action against Kalshi on July 31, seeking at least $36 billion in penalties and…
Kalshi Loses New York Injunction Fight After Second Circuit Denies Emergency Relief
New York Attorney General Letitia James and Governor Kathy Hochul filed suit against Kalshi on July 31, 2026, seeking at…
Kalshi’s New York Injunction Loss Puts CEA Preemption Fight Before Second Circuit
A federal district judge and a Second Circuit appeals judge both denied Kalshi emergency relief in New York within days…
CFTC’s Wisconsin Lawsuit Keeps Prediction-Market Preemption Fight in Federal Court
A Wisconsin federal judge on July 29 denied the CFTC's preliminary injunction request, ruling the agency failed to show its…
Minnesota Injunction Gives CFTC a Win as Wisconsin Prediction Market Case Remains Pending
U.S. District Judge William Griesbach on July 29, 2026, denied the CFTC's preliminary injunction against Wisconsin, finding federal registration does…