In a court filing, NY state officials estimated the damages and costs sought by the lawsuit to be $36 billion.
New York officials sued prediction market platform Kalshi for potentially billions of dollars on Friday, calling it an “illegal, unlicensed gambling operation” that includes sports wagering as the state seeks to halt its operations and force the company to forfeit its profits.
In a court filing, NY state officials estimated the damages and costs sought by the lawsuit to be $36 billion.
New York officials sued prediction market platform Kalshi for potentially billions of dollars on Friday, calling it an “illegal, unlicensed gambling operation” that includes sports wagering as the state seeks to halt its operations and force the company to forfeit its profits. Tech
