It was a few days before Primary Day when, Zohran Mamdani says, he got a text message from a person he hadn’t spoken to since high school. “Yo bro, I just put a thousand on you,” the text read.

Kalshi filed a motion for preliminary injunction against the New York Gaming Commission on Monday, following a Friday cease-and-desist letter demanding that Kalshi stop offering event contracts in the ...

Kalshi has sued New York’s gambling regulator, claiming the state is overreaching its authority by issuing a cease and desist order. Trading platform Kalshi has sued the New York State Gaming ...

Kalshi, a financial frontier platform, is facing a regulatory showdown in New York. The New York State Gaming Commission has moved to shut down the prediction-market exchange that allowed traders to ...

Kalshi filed a lawsuit to seek a preliminary injunction keeping New York regulators from taking action against the prediction market platform. The New York Gaming Commission sent a cease-and-desist ...

The prediction market Kalshi filed a lawsuit against the New York State Gaming Commission on Monday, alleging that local regulators are looking to block it from taking bets on sports events in its ...

Prediction market Kalshi filed a federal lawsuit against the New York State Gaming Commission, arguing that the state’s attempt to shut down certain event-based contracts violates federal law. In a ...

The fund-raising round comes as online prediction marketplaces gain mainstream prominence. By Michael J. de la Merced Online prediction markets have jumped into the mainstream, as users flock to sites ...