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New York prediction-market litigation: what the state announced

Read the Attorney General’s dated allegations and requested remedies without presenting a filed lawsuit as a final judgment.

Informational source check: 2026-11-05. No platform availability list, operator recommendation or legal opinion is supplied.

The July announcement

On July 31, 2026, New York’s Attorney General and Governor announced a lawsuit against Kalshi. The announcement alleged an unlicensed operation and described relief the state was asking a court to grant. An enforcement allegation and a request for relief are not interchangeable with a final merits decision.

The September announcement

On September 24, 2026, the Attorney General announced a lawsuit against QCX LLC doing business as Polymarket US. The release identifies the US product and the remedies sought. It concerns the US product, not Polymarket’s separate international service or other platforms.

Check case status separately

These announcements establish what the state said when it filed. This check does not establish the latest docket disposition of either case. Readers need the current orders and exact product before drawing a conclusion about access or legal status.

Official records to consult

Return to the state source tracker

Important information

In the United States, certain event contracts are offered through Designated Contract Markets (DCMs) subject to oversight by the Commodity Futures Trading Commission (CFTC). Regulatory arrangements and product availability differ between platforms and jurisdictions. CFTC oversight does not constitute approval or endorsement of any particular contract. Event contracts are derivatives products, not sports betting or gambling products, and are not licensed by any state gaming or gambling regulator.

Trading event contracts involves substantial risk of loss. You may lose some or all of the funds you use to trade. Past results do not guarantee future outcomes.

Nothing on this page constitutes investment, trading, or legal advice, or a recommendation to buy or sell any contract. Content is for general informational purposes only.