New York AG takes Kalshi to court over influencer ads, ‘no house’ claims
Photo: SBC Americas
KEY TAKEAWAYS New York Attorney General Letitia James asked a Manhattan court to force Kalshi to comply with a Sept. 25 subpoena tied to a deceptive-advertising investigation. The subpoena targets influencer payments, internal marketing policies and the role of Kalshi’s in-house and outside market makers. The petition opens a consumer-protection front that does not depend on whether federal law preempts New York’s gambling laws. New York Attorney General Letitia James opened another front in the state’s fight with Kalshi , asking a state court to compel the prediction market operator to hand over records of its influencer marketing and market-making…
Source: SBC Americas
