RWATimes on Nostr: 📰 New York Sues Kalshi, Alleging Illegal Gambling Activities 🗓️ Jul 31 2026 ...
📰 New York Sues Kalshi, Alleging Illegal Gambling Activities
🗓️ Jul 31 2026 11:35 UTC
New York has filed a lawsuit against prediction market platform Kalshi, accusing the company of running an illegal, unlicensed gambling operation in the state. The case centers on Kalshi’s event contracts tied to outcomes such as sports results and elections. In its filing, New Y...
➤ New York has sued prediction market platform Kalshi, alleging it operates an illegal, unlicensed gambling operation through its event contracts.
➤ The lawsuit is part of a larger jurisdictional dispute, with the CFTC arguing that state gambling laws cannot restrict federally regulated prediction markets.
➤ Despite legal battles, on-chain prediction markets show significant growth, highlighting user demand and the ongoing tension between regulatory interpretations and market activity.
#kalshi #newyork #predictionmarkets #gambling #cftc #regulation #eventcontracts #litigation #solana #blockchain
🔗 Read more at:
https://rwatimes.io/articles/coinmarketcap-new-york-sues-kalshi-alleging-illegal-gambling-activities-1399749924Published at
2026-08-01 11:44:22 UTCEvent JSON
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"content": "📰 New York Sues Kalshi, Alleging Illegal Gambling Activities\n🗓️ Jul 31 2026 11:35 UTC\n\nNew York has filed a lawsuit against prediction market platform Kalshi, accusing the company of running an illegal, unlicensed gambling operation in the state. The case centers on Kalshi’s event contracts tied to outcomes such as sports results and elections. In its filing, New Y...\n\n➤ New York has sued prediction market platform Kalshi, alleging it operates an illegal, unlicensed gambling operation through its event contracts.\n➤ The lawsuit is part of a larger jurisdictional dispute, with the CFTC arguing that state gambling laws cannot restrict federally regulated prediction markets.\n➤ Despite legal battles, on-chain prediction markets show significant growth, highlighting user demand and the ongoing tension between regulatory interpretations and market activity.\n\n#kalshi #newyork #predictionmarkets #gambling #cftc #regulation #eventcontracts #litigation #solana #blockchain\n\n🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-new-york-sues-kalshi-alleging-illegal-gambling-activities-1399749924",
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