New York State sues Kalshi for operating ‘unlicensed gambling business’

31st July, 2026

Aravind Bulusu
New York

The Office of the Attorney General (OAG) of New York is seeking a court order to stop Kalshi’s operations as an ‘unlicensed’ gambling business, alleging it exposes New Yorkers, including those under age 21, to personal and financial risk.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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