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NY Sues Kalshi for Running an ‘Illegal Gambling’ Operation

New York state authorities sued the predictions-market company Kalshi Inc. for allegedly running an illegal, unlicensed gambling operation in the state, marking another legal hurdle for an industry that has won support from the Trump administration.

NY Sues Kalshi for Running an ‘Illegal Gambling’ Operation

New York state authorities sued the predictions-market company Kalshi Inc. for allegedly running an illegal, unlicensed gambling operation in the state, marking another legal hurdle for an industry that has won support from the Trump administration.

World News Bloomberg Jul 31, 2026

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