New York AG drags Kalshi to court over ‘no house’ claims

Letitia James wants Kalshi to hand over records tied to its ‘no house’ claims.

The hit

New York Attorney General Letitia James has opened a fresh legal front against Kalshi, filing a petition asking a state court to force the prediction market operator to hand over records on its influencer marketing & market-making operations, according to SBC Americas. The filing, lodged with the New York County Supreme Court on Monday, alleges issues tied to Kalshi’s “no house” claims.

Why it matters

This is another front in New York’s ongoing fight with Kalshi, according to SBC Americas. If the court compels disclosure, the records could show how closely Kalshi’s marketing & market-making line up with its public claims of neutrality.

The record

Court	New York County Supreme Court
Petitioner	New York Attorney General Letitia James
Target	Kalshi, a prediction market operator
Records sought	Influencer marketing & market-making operations

What happens next

Watch the New York County Supreme Court docket for Kalshi’s response to the petition & any ruling on whether the records must be disclosed.

Sources: New York AG takes Kalshi to court over influencer ads, ‘no house’ claims

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