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New York sues Kalshi over alleged illegal gambling

New York State is suing Kalshi, the online betting portal, for allegedly operating an illegal gambling business. Kalshi says that it is a federally regulated exchange and is not subject to state laws. CBS News legal reporter Katrina Kaufman has more.

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By Unscrolled
July 31, 2026 · 6:29 PM · 1 min read
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New York sues Kalshi over alleged illegal gambling

New York State is suing Kalshi, the online betting portal, for allegedly operating an illegal gambling business. Kalshi says that it is a federally regulated exchange and is not subject to state laws. CBS News legal reporter Katrina Kaufman has more.

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