The New York attorney general on Friday sued Kalshi, accusing the company of operating illegally and in defiance of laws aimed at curbing unregulated gambling. The suit is the latest effort by U.S. states to crack down on an industry that critics have called predatory.

nyti.msNew York Sues Kalshi in Latest Bid to Regulate Prediction MarketsThe suit is the latest effort by states to crack down on an industry that critics have called predatory. At least 15 states have introduced legislation this year to regulate the markets.