Kalshi Faces $36 Billion Lawsuit from New York AG James
Ohio regulators planned to fine Kalshi $5 million for operating sports gaming without a license, but New York AG James is now seeking $36 billion in damages on behalf of the state.
Ohio regulators planned to fine Kalshi $5 million for operating sports gaming without a license, but New York AG James is now seeking $36 billion in damages on behalf of the state.
New York AG Letitia James files a lawsuit against Kalshi for operating without a permit in the state.
Prediction markets suffered legal setbacks in two rulings this week as judges in Wisconsin and New York sided against the CFTC and Kalshi.
A federal judge has denied Kalshi's request to prevent New York from enforcing its gambling statutes against the prediction market operator.
Kalshi is aiming for a valuation that would make it larger than any other publicly traded gambling company globally.
The Cayuga Nation of New York sued Caesars Entertainment in federal court on Tuesday, alleging that the company offered online sports betting on tribal lands.
The legislative effort to require sportsbooks in New York to provide players with monthly betting account statements has reached its last step before a potential governor’s signature.
When you sign up for a new sports betting account on Friday, June 5 with the Fanatics Sportsbook NY promo code HANDLE, claim up to $1,000 in bonus bets.
A bill requiring online sports betting operators to provide New York customers with monthly activity statements is now awaiting Gov. Kathy Hochul’s signature.
The Fanatics Sportsbook NY promo code HANDLE offers up to $1,000 in FanCash during the NBA Finals.
Online sports bettors in New York could be blocked from placing wagers while on college campuses under a new bill introduced by Sen. Andrew Gounardes.
A proposal to legalize online casino gaming in New York is unlikely to advance before the state legislative session ends on June 4.