Kalshi, a prediction market platform where users can bet on far more than sports outcomes, has come under fire in the state of New York. Kathy Hochul and AG Letitia James announced that the state is suing Kalshi, framing the company as an “illegal gambling” operation. “New York’s gambling laws protect children from underage betting and help combat gambling addiction,” said Attorney General James. By ignoring our laws, Kalshi is running an illegal operation and harming New Yorkers in the process. —Photo: GettyState Of New York Sues Kalshi, Frames Company As “Illegal” was originally published on hiphopwired.com