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By The Weekly Edge desk ·
Agimeg reported that New York sued Kalshi, alleging the prediction market company operates without gambling authorisation. Governor Kathy Hochul and attorney general Letitia James announced the action.
The lawsuit challenges Kalshi’s authority to offer event contracts in New York.
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The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
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The lawsuit challenges Kalshi’s event-contract operations under New York gambling rules.
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