NYS files lawsuit against Kalshi over unlicensed betting

The New York State government has sued gambling platform Kalshi for operating an unlicensed gambling business, violating state laws. An investigation found Kalshi failed to obtain necessary licenses, allowed users aged 18 to 20 to gamble, and avoided paying taxes. The lawsuit seeks the forfeiture of illegal gains, restitution for consumers, and fines, as officials emphasize the importance of legal protections for minors and responsible gambling.

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