New York sues Kalshi, says prediction market is running 'illegal gambling operation'

Source: cnbc July 31, 2026 · 05:41
New York sues Kalshi, says prediction market is running 'illegal gambling operation'
Photo by david hou · Pexels
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It comes after a federal judge earlier this month denied Kalshi's attempts to intervene against the state's Gaming Commission.
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The Consumer News and Business Channel (CNBC) is an American business news channel owned by Versant. The network broadcasts live business news and analysis programming during the morning, daytime business day, and early-evening hours, with the remaining hours filled by business-related documentaries and reality television programming, as well as occasional sports presentations from USA Sports. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and…

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