# Kalshi Inc.

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/kalshi-inc
Canonical HTML page: https://getlegalbrief.com/entity/kalshi-inc

## Timeline

- **2026-07-31**: New York AG files state lawsuit — Attorney General Letitia James files a lawsuit in Manhattan state court alleging Kalshi is running an illegal gambling operation, seeking injunction, penalties, and restitution.
- **2026-07**: Federal judge denies preliminary injunction — A judge in the Southern District of New York denies Kalshi's request for a preliminary injunction against the Gaming Commission's actions.
- **2026-07**: Injunction pending appeal denied — The same federal judge denies Kalshi's motion for an injunction pending the outcome of its appeal.
- **2026-04-03**: TRO Expiration — The 14-day temporary restraining order is set to expire unless extended or converted to a preliminary injunction.
- **2026-03-20**: TRO Issued — Judge Woodbury signs the order blocking Kalshi operations in Nevada after NGCB filing.
- **2026-03-20**: Public Disclosure — The Nevada Gaming Control Board provides a copy of the order to the media; Kalshi declines to comment.
- **2025-10**: Kalshi sues New York after cease-and-desist — After the NY Gaming Commission sends a cease-and-desist letter, Kalshi files a federal lawsuit challenging the state's authority over its prediction market.

## Recent coverage (2 stories)

### NY AG Sues Kalshi: $100K Per Sports Bet Penalty in Test of Federal Preemption
2026-07-31 12:58:16 · Sentiment: Bearish · Impact: 7/10 · Sources: 3

New York Attorney General Letitia James has sued prediction market Kalshi for running an unlicensed gambling operation, seeking $100,000 in penalties per sports wagering attempt. The case pits state gambling laws against federal CFTC regulation, with recent federal court denials bolstering New York's offensive.
Full story: https://getlegalbrief.com/story/legal-kalshi-ny-gambling-suit-preemption

### Nevada Judge Issues Temporary Ban on Kalshi Over Gaming License Dispute
2026-03-20 22:00:30 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

A Nevada state judge has issued a temporary restraining order against Kalshi Inc., halting its prediction market operations in the state for up to two weeks. The move follows a challenge by the Nevada Gaming Control Board, which argues that Kalshi's contracts constitute unlicensed gambling rather than federally regulated commodities trading.
Full story: https://getlegalbrief.com/story/nevada-judge-halts-kalshi-operations-gaming-dispute

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