New York sues Kalshi, alleges prediction market is illegal gambling
In this photo illustration, a Kalshi logo is seen displayed on a smartphone on the top of a laptop. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) (NEW YORK) -- New York sued Kalshi on Friday, alleging its prediction market is nothing more than illegal, unlicensed gambling, in large part because outcomes depend more on chance than skill.The lawsuit does not seek to close down Kalshi, but, if successful, […]