Sat, Aug 1 12:10 PM

New York sues to shut down Kalshi, seeks $100,000 for each unauthorized bet

Fortune•Fri, Jul 31, 2026, 05:40 PM•2 min read

The state claims Kalshi is an unlicensed sportsbook, while the prediction market says New York has no authority since it is regulated by a federal agency.

Source: [Fortune](https://fortune.com/2026/07/31/new-york-shut-down-kalshi-unauthorized-bets/)

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