S&P 5007,437.63▲1.7% Nasdaq25,122.18▲2.8% Dow52,208.06▲1.2% Russell 2K2,946.10▲1.4% 10-Yr4.66%+4bp VIX17.09−3.57 WTI$84.21▼0.3% Gold$4,166.30▲3.3% EUR/USD1.153▲1.3% BTC$62,919▼2.8% Nikkei61,434▼1.5%
At close · Thu, Jul 30, 2026
Daily Market Updates.

US Markets

Home›US Markets›M&A & Deals›New York sues Kalshi over alleged illegal gambling ope…

New York sues Kalshi over alleged illegal gambling operation

Reported · Written up by our desk · M&A & Deals

CNBC reports that New York has filed a lawsuit against Kalshi, arguing the company’s prediction market operates as an illegal gambling operation.

The dispute follows a federal judge’s decision earlier this month to deny Kalshi’s attempt to intervene against the New York Gaming Commission.

← Newer storyFTX recovery trust can pursue $1.76B clawback from Binance buyback

More like this

US MarketsClear Street to launch private markets platform with Databricks stakes
US MarketsMarketAxess deal highlights shift toward electronic bond trading
US MarketsJudge finds Freshstream orchestrated plan to oust Big Motoring CEO
US MarketsLeonardo signals more deals as Europe defense spending rises
US MarketsSony makes non-binding proposal to acquire Tamron

Sources

CNBC MarketsNew York sues Kalshi, says prediction market is running 'illegal gambling operation'
CNBC FinanceNew York sues Kalshi, says prediction market is running 'illegal gambling operation'
CNBC FinanceNew York sues Kalshi, says prediction market is running 'illegal gambling operation'

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.