Kalshi CEO Blames Gambling Lobby for New York Lawsuit

Regulation

TLDR New York is suing Kalshi for running an unlicensed gambling platform. Kalshi CEO Tarek Mansour says gambling companies are pushing the lawsuit. The lawsuit claims Kalshi let users aged 18 to 20 place bets, breaking state law. The CFTC says it has sole authority over Kalshi and is fighting New York’s case. New York [...]