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New York Attorney General Letitia James petitions a court to enforce a subpoena against Kalshi in a fraud and deceptive advertising investigation, Gizmodo reports
- New York Attorney General Letitia James petitions a court to enforce a subpoena against Kalshi in a fraud and deceptive advertising investigation, Gizmodo reports — Gizmodo reports the verified petition, filed in New York County Supreme Court, seeks to enforce a September 25 subpoena and says Kalshi has produced no documents to date. The filing says 100 percent of Kalshi combo bets have Kalshi Trading or an approved professional market maker on the other side, and cites an InGame analysis putting combo taker losses above 1 billion dollars since the feature launched in September 2025. (Gizmodo)
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