The Gambling Wire: New York’s Legal Battle With Kalshi Expands With New Subpoena Action
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New York’s latest court filing targets Kalshi’s advertising and “no-house” claims, adding to a growing regulatory and legal scrutiny against the prediction market operator. New York’s legal fight with Kalshi continues to grow, with Attorney General Letitia James filing a petition in state court seeking a court order to force the company to comply with a previously issued subpoena over potentially deceptive marketing practices. Elsewhere, Sporttrade has secured CFTC approval to operate a derivatives exchange, a Wisconsin judge has rejected an election-wagering injunction, and Kalshi’s political contributions and lobbying efforts are drawing attention ahead of the midterm elections.
Source: Gambling Insider
