New York regulator sues Kalshi, alleging prediction markets operator defied subpoenas
Photo: SBC Americas
KEY TAKEAWAYS The New York State Gaming Commission is asking a court to compel Kalshi to comply with subpoenas investigating potential violations of state gambling law. Regulators seek records on sports event contracts, users younger than 21, advertising and corporate ownership to determine whether civil penalties are warranted. The dispute adds another front to the jurisdictional fight over Kalshi, which maintains its event contracts fall under federal oversight rather than state gambling regulation.
Source: SBC Americas
