- James’ office is requesting that Kalshi be ordered to forfeit all illegal gains, pay restitution to consumers who were harmed and pay fines equal to three times the company’s gains. In a court filing, state officials provided a rough estimate of the damages and costs sought by the lawsuit — $36 billion.
ckrapu•20m ago
Gambling and fraud are rather different types of problems.
busterarm•43m ago
Maybe they're just mad the company is based out of NY?
toomuchtodo•34m ago
New York sues prediction market platform Kalshi alleging ‘illegal gambling operation’ - https://apnews.com/article/prediction-markets-kalshi-lawsuit... - July 31st, 2026
- James’ office is requesting that Kalshi be ordered to forfeit all illegal gains, pay restitution to consumers who were harmed and pay fines equal to three times the company’s gains. In a court filing, state officials provided a rough estimate of the damages and costs sought by the lawsuit — $36 billion.
ckrapu•20m ago
At least they're taking a stand over it.