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US States News Prediction Markets New York Sues Kalshi Over Alleged Illegal Gambling Operation Last Updated: July 31st, 2026 1:42 pm PDT Key Highlights New York has fiercely opposed prediction markets for the better part of the last year. Now, the state is suing Kalshi, one of the most prominent operators, in a high-profile case that could have major implications for event contract trading. New York Challenges Kalshi’s Business Model New York officials accused Kalshi of operating […]
