“New York’s gambling laws protect children from underage betting and help combat gambling addiction,” Attorney General Letitia James said in a release, Courthouse News reported. “No matter what they call themselves, prediction markets like Kalshi are gambling platforms, plain and simple." #Gambling
New York sues Kalshi, claiming prediction contracts violate state gambling lawsState Attorney General Letitia James is looking to halt all of Kalshi’s contracts “relating to sports, culture, elections and other events.”courthousenews.com