Legal tracker / New York AG v. Kalshi
Case · as of Oct 15, 2026
New York AG v. Kalshi
Pending Removed to federal court; remand motion pending
Filed at 12:01 a.m. on July 31, 2026, the AG's petition alleges Kalshi runs an unlicensed gambling business in violation of New York law and the federal Wire Act, seeking an injunction, restitution, disgorgement, per-offering penalties and treble-gain penalties (reported at up to $36 billion). Kalshi removed it the same day and New York moved to remand. On Aug. 11, 2026 the CFTC invoked its CEA section 8a(9) emergency authority to direct Kalshi to keep operating normally.
Case record last checked against its sources on Aug 24, 2026.
| Case | People of the State of New York v. KalshiEX LLC |
| Court | Supreme Court of the State of New York, New York County (removed to U.S. District Court for the Southern District of New York) |
| Docket | Index No. 453272/2026 (N.Y. Sup. Ct.); 1:26-cv-06550 (S.D.N.Y.) |
| Filed | Jul 31, 2026 |
| Type | Enforcement |
| Companies | Kalshi |
| Other side | New York Attorney General Letitia James |
| Last action | Aug 21, 2026: Kalshi opposed New York's motion to remand. |
| Next date | : Ruling on New York's remand motion. |
History
Newest first.
| Date | What happened |
|---|---|
| Aug 21, 2026 | Kalshi filed opposition to remand. |
| Aug 11, 2026 | CFTC issued an emergency order directing Kalshi to continue normal exchange operations. |
| Jul 31, 2026 | AG filed petition in New York County Supreme Court; Kalshi removed to S.D.N.Y. the same day. |
Sources
New York AG v. Kalshi: questions
What is the status of New York AG v. Kalshi?
Removed to federal court; remand motion pending. Filed at 12:01 a.m. on July 31, 2026, the AG's petition alleges Kalshi runs an unlicensed gambling business in violation of New York law and the federal Wire Act, seeking an injunction, restitution, disgorgement, per-offering penalties and treble-gain penalties (reported at up to $36 billion). Kalshi removed it the same day and New York moved to remand. On Aug. 11, 2026 the CFTC invoked its CEA section 8a(9) emergency authority to direct Kalshi to keep operating normally.
What happened most recently in New York AG v. Kalshi?
Aug 21, 2026: Kalshi opposed New York's motion to remand.
What is the next date in New York AG v. Kalshi?
: Ruling on New York's remand motion.
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