Kalshi Suing New York State Gaming Commission As Prediction Markets Continue To Expand
Prediction markets and the New York State Gaming Commission (NYSGC) are headed for a legal fight to determine the legality of the online betting platform in the state. The NYSGC sent a cease-and-desist letter to prediction market operator, Kalshi, last Friday for what it labeled as “unlicensed sports wagering in New York State.” Monday, Kalshi … Continued