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Topic: prediction-markets

A licensed casino sportsbook, the regulated model states say prediction markets bypass
Business
Saturday, 8/1, 01:58 AM

New York sues Kalshi over sports contracts and California tribes press the same argument

  • New York's attorney general sued the prediction market Kalshi on Friday, calling it an unlicensed gambling operation and asking for at least $36 billion.
  • Kalshi says it is a federally regulated exchange that no state can shut down.
  • The same argument is being fought in a dozen states, and in California three tribes say the contracts violate federal Indian gaming law.

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