# KalshiEX LLC

Type: Company

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

## 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.
- **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 (1 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

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