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New York seeks court order for Kalshi marketing and trading records

James petitioned New York Supreme Court to compel KalshiEX to comply with a September 25 subpoena seeking marketing, influencer payment and market-making records, with compliance sought within 10 days. Kalshi has asked a federal judge to block the subpoena, arguing it is an end run around discovery in the state's gambling case, and no court has found that Kalshi misled anyone.

New York Attorney General Letitia James has petitioned New York Supreme Court to compel KalshiEX to comply with a September 25 subpoena, according to iGaming Times. The petition seeks compliance within 10 days.

The subpoena requests records concerning marketing, influencer payments and market-making. The enforcement request brings those document demands before a state court while Kalshi pursues a federal challenge.

Competing court requests

Kalshi has asked a federal judge to block the subpoena, according to iGaming Times. The company argues that the demand circumvents the discovery process in the state's gambling case.

The dispute concerns access to records, not an established finding of deceptive conduct. No court has found that Kalshi misled anyone.

What it means for prediction markets

  • The immediate issue is whether KalshiEX must provide the requested records. The 10-day compliance period is being sought, rather than reported as an existing court deadline.
  • The state enforcement petition and Kalshi's federal challenge create two proceedings to watch for decisions on the subpoena.
  • Requests for marketing, influencer-payment and market-making records do not themselves establish wrongdoing; no court has found that Kalshi misled anyone.
KalshiSCOTUSInfiniti MarketsInfiniti Signals

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    iGaming Times
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