Governs casino gaming, charity gaming, horse racing, lottery, and video lottery terminals in New York.
New York state officials have filed a state Supreme Court lawsuit against Kalshi, alleging the prediction market platform operates illegally without a Gaming Commission license, endangers consumers, and should forfeit gains and pay restitution and penalties. The action adds to a broader clash over how prediction markets are regulated between states and the federal government.
New York State has filed a lawsuit against Polymarket, alleging the platform operates illegal gambling without a license and targets underage users. The suit seeks penalties, restitution, and an order to halt unlicensed operations, following similar actions against Kalshi and other platforms. Polymarket defends its business, saying it engages with regulators and aims to protect consumers.