“The New York attorney general’s office is suing Kalshi, one of the largest prediction markets, alleging it’s running an illegal gambling operation in the state,” CNN reports.
“Attorney General Letitia James alleges Kalshi failed to obtain a state gambling license and pay related taxes. The lawsuit, which was filed in New York State court early Friday, is seeking an order enjoining Kalshi’s operations, plus fines, restitution and the forfeiture of profits.”
When people wager money on uncertain outcomes and the platform takes a cut, it sure seems like gambling.
?Political Trivia
Eight moments in political history. Put them on a timeline.
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Five senators. Three bills. Can you guess how they all voted?
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Nine Justices. One case. How did they rule?
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Do you have your finger on the pulse of America?
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Four questions a day.
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