New York sues Kalshi for allegedly running an ‘illegal gambling operation’
The state asks the court to block Kalshi — which is headquartered in New York — from operating in the state and to pay restitution to customers who placed bets on the platform.New York joins Nevada, New Mexico, Arizona, Washington, and others in suing Kalshi. Though some states, such as Wisconsin, Illinois, and Rhode Island, have attempted to introduce laws regulating Kalshi and other prediction markets like Polymarket, they have faced pushback from the federal government. The Commodity Futures Trading Commission (CFTC) says it has “exclusive jurisdiction” over prediction markets, but many states argue this authority doesn’t apply to sports wagering.RelatedOh, you think the government will regulate Kalshi and Polymarket?
- ▪The state asks the court to block Kalshi — which is headquartered in New York — from operating in the state and to pay restitution to customers who placed bets on the platform.New York joins Nevada, New Mexico, Arizona, Washington, and othe
- ▪Though some states, such as Wisconsin, Illinois, and Rhode Island, have attempted to introduce laws regulating Kalshi and other prediction markets like Polymarket, they have faced pushback from the federal government.
- ▪The Commodity Futures Trading Commission (CFTC) says it has “exclusive jurisdiction” over prediction markets, but many states argue this authority doesn’t apply to sports wagering.RelatedOh, you think the government will regulate Kalshi and
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| Original publisher | The Verge |
| Canonical URL | https://www.theverge.com/tech/973709/new-york-kalshi-lawsuit-illegal-gambling-operation |
| Publication time | 2026-07-31T11:30:13-04:00 |
| Retrieval time | 2026-07-31T15:38:04.148Z |
| Last seen | 2026-07-31T15:38:04.148Z |
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| Cluster | XTxTY2hbOd-o · 1 stories |
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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
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TechCloseTechPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All TechNewsCloseNewsPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All NewsPolicyClosePolicyPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All PolicyNew York sues Kalshi for allegedly running an ‘illegal gambling operation’Attorney General Letitia James wants to block Kalshi from operating in the state.Attorney General Letitia James wants to block Kalshi from operating in the state.by Emma RothCloseEmma RothNews WriterPosts from this author will be added to your daily email digest and your homepage feed.FollowFollowSee All by Emma RothJul 31, 2026, 3:30 PM…
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