CFTC
-
New York Sues Kalshi Over Alleged Unlicensed Gambling Operations
New York has filed a lawsuit against prediction market platform Kalshi, alleging it operates an illegal, unlicensed gambling business. The state seeks to stop operations, recover illicit gains, and impose penalties. The Commodity Futures Trading Commission (CFTC) has intervened, arguing that New York’s actions infringe upon its federal regulatory authority over such markets.
2026-07-31