New York Says Kalshi Is Illegal Gambling. Kalshi Says the State Is Trying to Kill Prediction Markets

New York Says Kalshi Is Illegal Gambling. Kalshi Says the State Is Trying to Kill Prediction Markets

💼 Finance & Business
📡 2 sourcesFast Company, Inc.com
Summary

The state wants the $22 billion exchange to repay customers nationwide, surrender its proceeds, and pay triple its alleged gains—plus $100,000 for each unauthorized sports bet.

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