Kalshi has initiated legal action against a New York regulatory agency concerning a ban on sports betting. The company argues that the prohibition infringes on its rights and operations. Kalshi, which offers a platform for trading on various events, claims that the ban limits its ability to provide services to customers. The lawsuit seeks to challenge the regulatory agency’s authority and the legality of the sports betting ban. Kalshi’s move reflects ongoing tensions between emerging betting platforms and regulatory frameworks in the state.
