Prediction market Kalshi has filed a lawsuit against a New York regulator regarding a ban on sports contracts. The company argues that the prohibition is unjustified and hinders its operations. Kalshi claims that the ban restricts its ability to offer a legitimate marketplace for betting on sports events. The lawsuit seeks to challenge the regulatory decision and aims to restore its capacity to operate in the state. Kalshi believes that allowing such contracts would benefit consumers and promote a fair betting environment.
