New York Seeks to Shut Down Kalshi as $36 Billion Gambling Case Tests Federal Preemption
The CFTC invoked emergency authority on August 11 to order Kalshi to continue operating despite a New York state lawsuit…
Tag: state regulation
New York Sues Kalshi Over Sports Markets, Seeking Penalties That Could Reach $36 Billion
New York Attorney General Letitia James filed a $36 billion lawsuit against prediction-market exchange Kalshi on July 31, 2026, alleging…
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…