New York sues Kalshi for allegedly running an ‘illegal gambling operation’

New York is suing Kalshi over claims the prediction market is running "an illegal gambling operation." In the lawsuit, New York Attorney General Letitia James accuses Kalshi of violating state laws by accepting wagers…

The Verge · Jul 31, 2026, 11:30 AM EDT

An investigation from the Office of the Attorney General (OAG) found Kalshi exposes New York residents "to serious personal and financial risk," including people under the legal gambling age of 21, the lawsuit alleges. The state asks the court to block Kalshi - which is headquartered in New York - from operating in the state and to pay restituti …

Read the full story at The Verge.

Originally published by

The Verge

Aggregated from a public feed. Read the original at the source for the publisher's full presentation.

View original on theverge.com

More in Tech

Tech

Nvidia is about to be a hundred-billion-dollar-a-quarter company

Nvidia's predicting it will pull in $108 billion in revenue within just a few months. It wouldn't be the first company to rake in over $100 billion in quarterly revenue - Amazon, Apple, and Alphabet have repeatedly…

The VergeAug 26, 2026, 5:40 PM EDT

Tech

OpenAI’s rogue AI model incident was worse than we thought

OpenAI released a report breaking down how people use ChatGPT and who they are. | Image: The Verge In July, an unreleased OpenAI model broke out of a restricted environment, figured out how to get access to the…

The VergeAug 26, 2026, 5:36 PM EDT

Tech

AI agents meant to replace Meta workers made “large-scale, disruptive actions”

Reuters report shows Meta's challenges replacing people with AI agents.

Ars TechnicaAug 26, 2026, 5:25 PM EDT

Tech

New Twitter launches, says Musk's X gave up the name

Judge hasn't ruled on X Corp’s preliminary injunction, but Operation Bluebird plows ahead

Ars TechnicaAug 26, 2026, 4:49 PM EDT