New York Wants a $36 Billion Cut From Kalshi, Calling It an 'Illegal Gambling Operation'

Source: Reason· Tosin Akintola· July 31, 2026
New York Wants a $36 Billion Cut From Kalshi, Calling It an 'Illegal Gambling Operation'

Casting Kalshi as an out-of-control gambling platform makes it easier for the state to take money from the company and its users.

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