Kalshi Sues NY Regulator Over Cease-And-Desist Letter

By Sarah Jarvis ( October 27, 2025, 9:59 PM EDT) -- Trading platform Kalshi on Monday accused the New York State Gaming Commission of intruding into the federal government's regulatory authority over derivatives trading, in a lawsuit following a cease-and-desist letter it received from the state regulator for allegedly illegal sports wagering....

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