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Regulation

New York Gaming Commission Takes Kalshi to Court Over Unanswered Subpoenas

Image: Cryptopolitan

New York’s Gaming Commission has asked a state court to force the largest prediction market platform, Kalshi, to hand over documents that it had first asked three months ago. The regulator filed a verified petition in New York County Supreme Court naming Kalshi Inc. and KalshiEX LLC as respondents. The court logged it on October 22 and the news became public the following day when sports betting attorney Daniel Wallach posted a thread on the filing on his X. There are no new violations within the petition. What it does ask for is that the court enforces investigative subpoenas that the Commission issued on July 31 under section 104(7) of the state’s Racing Law.

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