Kalshi Faces $36 Billion Lawsuit from New York AG James
Ohio regulators announced a $5 million fine for Kalshi in April for operating without a license. New York AG James now seeks $36 billion from Kalshi, alleging illegal gambling activities.
Lawsuit
10 Posts
New York Sues Kalshi for $36B, CFTC Defends Company With Restraining
New York's Governor and Attorney General have filed a lawsuit against Kalshi, seeking $36 billion in damages.
Kalshi Faces Legal Issues in Washington
A Washington judge has stated that Kalshi has very likely violated local gambling laws and consumer protection requirements.
Kalshi sues Illinois over prediction market regulations ahead of July
Prediction market operator Kalshi has filed a lawsuit against the state of Illinois, seeking to block new taxes and licensing requirements that would classify the company as a sports betting operator beginning July 1.
Illinois Gambler Files Lawsuit Against DraftKings Over $2M Addiction
A new lawsuit has been filed against DraftKings, claiming the company’s “defective product” creates gambling addicts.
Polymarket sued over alleged deceptive marketing
Polymarket is facing a new lawsuit over allegations of deceptive marketing practices.
Kalshi sues Illinois over prediction markets law
Kalshi is suing Illinois to block the state’s plan to require prediction markets operators to get licenses and pay taxes, set to start next week.
New Mexico Sues Kalshi Over Sports Contracts
New Mexico Attorney General Raúl Torrez filed a state court lawsuit against Kalshi for allegedly offering illegal sports event contracts, resembling online sports betting.
Polymarket Compiles Copycat Dossier on Kalshi Amid Lawsuit Saga
The rivalry between Polymarket and Kalshi is intensifying, with Polymarket compiling a copycat dossier alleging idea theft by Kalshi. Both companies have filed lawsuits, with Polymarket suing Minnesota following Kalshi’s lead.
Sportradar Shareholder Files Lawsuit Over Alleged Illegal Gambling
A Sportradar shareholder has filed a lawsuit against the company over its alleged ties to illegal gambling.