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New York sues Kalshi, alleging an illegal unlicensed gambling operation
- New York sues Kalshi, alleging an illegal unlicensed gambling operation — Governor Kathy Hochul and Attorney General Letitia James filed suit against Kalshi in state court in Manhattan, alleging the platform operates as illegal unlicensed gambling and seeking to halt its New York operations along with profit forfeiture, restitution and fines. Kalshi says it is a federally licensed exchange overseen by the CFTC and that states cannot shut it down. (Shorty News)
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