Kalshi Calls New York Lawsuit 'Political Theater': What Happened?
New York is suing Kalshi for illegal gambling, seeking a shutdown and up to $36 billion. Kalshi calls it "political theater." DKNG and HOOD in focus.
New York sued Kalshi (a prediction-betting company) and wants it to stop operating, but Kalshi says the lawsuit isn't fair. When companies face big legal trouble, it can make investors nervous about similar companies in that business.
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