Episode Details

New York is going after Kalshi with a heavy-handed lawsuit, calling the prediction market platform an unlicensed gambling operation that’s exposing kids to betting and fueling addiction — demanding triple profits, $100K per unauthorized bet, and full financial disclosures. This isn’t new: the state already issued a cease-and-desist, and federal courts have sided with Kalshi in Minnesota, showing the legal battle is far from over as regulators and courts clash over the future of prediction markets.

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