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

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

It comes after a federal judge earlier this month denied Kalshi's attempts to intervene against the state's Gaming Commission.

New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an "illegal gambling operation." In a case filed in a Manhattan state court, the lawsuit claims … [+3701 chars]

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