纽约州总检察长莱蒂齐亚·詹姆斯对预测市场平台Kalshi提起诉讼，指控其在未获得州博彩委员会许可的情况下接受投注，从事非法、无证赌博运营12。纽约州要求法院下令Kalshi没收所有非法所得、向受害消费者赔偿，并支付等于公司所得三倍的罚款1。调查发现Kalshi的运营将纽约居民暴露于严重的人身和财务风险2。
争议的核心在于预测市场产业的监管权属。Kalshi声称自己获得联邦许可，州无权管辖其运营，并表示"各州不能直接关闭一家获得联邦许可的交易所，这样做也会伤害纽约人，他们会被迫转向境外平台"1。另一个主要分歧点涉及年龄限制：Kalshi允许18至20岁用户参与，但纽约州的体育博彩法规要求用户至少21岁1。
纽约州并非唯一采取行动的州。2月份，联邦商品期货交易委员会主席宣布该机构将不再对州级监管行为"坐以待毙"1，4月份联邦政府起诉康涅狄格州、亚利桑那州和伊利诺伊州，挑战其监管努力1。同样在4月份，纽约州对Coinbase和Gemini提起类似诉讼1。此外，联邦法官临时阻止明尼苏达州实行全国首个预测市场禁令1。
New York's top law enforcement official has filed suit against prediction market platform Kalshi, accusing the company of operating an unlicensed gambling business in violation of state law 12. Attorney General Letitia James is seeking a court order to halt Kalshi's operations in the state, require the company to forfeit all illegal proceeds, and pay damages to affected consumers 1.
The lawsuit centers on a fundamental dispute over regulatory authority in the rapidly expanding prediction markets industry. New York contends that Kalshi accepted wagers without obtaining approval from the state's gaming commission, exposing residents—including individuals under the legal gambling age of 21—to significant personal and financial risks 2. Kalshi allows users ages 18 and older to participate 1. In response, the company's representative Elisabeth Diana stated: "States can't just shut down a federally licensed exchange. This would also hurt New Yorkers, who would be driven offshore" 1.
New York's action joins efforts by multiple states challenging prediction market platforms. The state previously filed similar litigation against cryptocurrency exchanges Coinbase and Gemini in April 1. A federal judge temporarily blocked Minnesota from implementing the nation's first statewide prediction market ban earlier this week 1. Meanwhile, the federal government has sued Connecticut, Arizona, and Illinois to challenge their regulatory efforts 1. The conflict reflects broader tensions between state gambling authorities and federal commodity markets regulators, with the Trump administration's appointee to lead the Commodity Futures Trading Commission announcing in February that the agency would no longer accept state-level regulatory actions without pushback 1.
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