Kalshi Sued by New York for $36 Billion Over Gambling Claims

TLDR New York filed a lawsuit seeking at least $36 billion in damages, alleging Kalshi runs an unlicensed gambling platform. Kalshi moved the case to federal court, pausing New York’s request for an immediate injunction. CEO Tarek Mansour compared Kalshi’s structure to Nasdaq, saying it matches traders and charges fees. A federal judge already refused [...]

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