New York Files Lawsuit Against Kalshi for Alleged Illegal Gambling Operations

The state of New York has initiated legal action against Kalshi, accusing the online prediction market platform of operating an illegal gambling enterprise.

The state of New York has initiated legal action against Kalshi, accusing the online prediction market platform of operating an illegal gambling enterprise.

A federal court has issued a preliminary injunction against Minnesota's law prohibiting prediction markets, allowing platforms like Kalshi and Polymarket to continue operations while legal questions remain.

A lawsuit from New York claims Valve's loot box sales constitute illegal gambling, raising questions about the legal definitions of gambling and the implications for digital marketplaces.

The lawsuit claims Valve's loot boxes constitute unregulated gambling, raising significant legal and market implications.