NY AG Files Subpoena to Make Kalshi Reveal More Documents in Ongoing Case

New York’s Attorney General Letitia James has escalated the legal fight between the state and Kalshi by filing a petition to get a court to order the company to produce documents requested under a September 25 subpoena. What Is the Lawsuit About? James’ petition marks yet another step in New York’s fight against Kalshi and the prediction markets sector in general. New York alleges that Kalshi is effectively operating an unlicensed gambling business that should be regulated by the state.