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Kalshi New York Lawsuit Tests Federal Oversight of Prediction Markets
October 28, 2025|byLucy Harris
Prediction market operator Kalshi Inc. has filed a federal lawsuit against the New York State Gaming Commission, escalating a national dispute over whether event trading platforms should be regulated as online gambling sites or financial markets.
The case, lodged in the U.S. District Court for the Southern District of New York, follows a cease-and-desist order issued by the state regulator on...
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Kalshi New York Lawsuit Tests Federal Oversight of Prediction Markets
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