Source: New York Post
State regulators taking aim at prediction markets for regulation isn’t new, but according to Kalshi, what is new is New York singling out its business as an “illegal gambling operation” for much of the same wagering that can be found on just about every similar platform, On The Money has learned. At issue: A lawsuit recently filed by New York Attorney General Tish James with the full blessing of fellow Dem Gov. Kathy Hochul.
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