New York sues Kalshi for allegedly running an ‘illegal gambling operation’
Attorney General Letitia James wants to block Kalshi from operating in the state.
by Emma Roth
Jul 31, 2026, 3:30 PM UTC
Image: The Verge
Emma Roth is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO.
New York is suing Kalshi over claims the prediction market is running “an illegal gambling operation.” In the lawsuit, New York Attorney General Letitia James accuses Kalshi of violating state laws by accepting wagers without a license from the state’s gaming commission, as reported earlier by CNBC.
An investigation from the Office of the Attorney General (OAG) found Kalshi exposes New York residents “to serious personal and financial risk,” including people under the legal gambling age of 21, the lawsuit alleges. The state asks the court to block Kalshi — which is headquartered in New...
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