A federal judge’s ruling on July 8 cleared the way for New York to enforce its gambling laws against Kalshi, an online prediction market where users bet money on outcomes tied to real-world events such as sports, elections, and pop culture.
The decision rejected Kalshi’s lawsuit arguing that federal regulators — not New York — have authority over its sports prediction markets. The ruling also denied Kalshi’s request to block the state from enforcing its gambling laws against the app, leaving the company’s future in New York dependent on whether it complies with state gambling regulations.
State Assemblymember Carrie Woerner, a Democrat representing the 113th District, praised state officials for taking action…