New York Hits Kalshi With $36B Lawsuit Over Gambling Claims

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The post New York Hits Kalshi With $36B Lawsuit Over Gambling Claims appeared first on Coinpedia Fintech News

The largest prediction market, Kalshi, has been sued by New York state for allegedly running illegal gambling operations in the state. The state is demanding at least $36 billion in damages over alleged illegal gambling.  The lawsuit comes days after Kalshi failed to block the state’s gambling rules, putting its federal regulatory defense under fresh …