New York seeks Kalshi bettor data and treble damages in prediction market case
New York filed a July 31 petition asking a judge to compel Kalshi to disclose local bettors' names, wagers, and losses.
New York state authorities have filed a petition asking a court to force Kalshi, a prediction market platform, to reveal the names, wagers, and losses of its New York-based users. The petition, dated July 31, is part of an ongoing enforcement action against the company.
Beyond demanding user data, the filing seeks restitution for alleged losses and asks for treble damages — three times the gains allegedly obtained. The request reflects the state's position that Kalshi's operations may have run afoul of local laws.
Federal proceedings continue
The New York action is separate from a federal case involving Kalshi. The merits of that federal case have not yet been resolved, leaving the broader legal status of the platform's event contracts undecided.