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Deep & Emerging Tech·August 1, 2026·1 min read

New York sues Kalshi, claiming its unlicensed gambling

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New York going after Kalshi as unlicensed gambling shows prediction markets are still being treated as vice, not infrastructure. If you’re building around event contracts or on-chain markets, assume state-by-state friction and design your go-to-market and compliance stack for a long regulatory grind.