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New York Sues Prediction Market Firm Kalshi, Alleging ‘Illegal Gambling Operation’

The Cityby By Angie Orellana Hernandez | NOTUSJuly 31, 2026

This story was produced as part of a partnership between The City Reporter and NOTUS, a publication from the nonprofit, nonpartisan Allbritton Journalism Institute. New York Attorney General Letitia James sued prediction market Kalshi in state court on Friday, alleging that the company runs an

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