New York seeks court order for Kalshi to reveal bettors' names, wagers, losses
State petition demands identities, wagers, losses and restitution from prediction platform.
New York authorities have filed a petition asking a judge to compel prediction market platform Kalshi to disclose the names, wager amounts, and losses of users located in the state. The July 31 filing also requests restitution and triple damages for alleged gains, according to the court documents.
The petition targets Kalshi's local operations, which New York regulators argue violate state gaming and speculative trading laws. The move comes as a separate federal case over the legality of Kalshi's political event contracts remains pending, leaving the merits of the federal dispute unresolved while state-level discovery advances.
Key demands in the petition
- Disclosure of names, addresses, and other identifying details of New York-based bettors
- Full records of each user's wagers, outcomes, and losses
- Restitution of funds obtained from alleged unlawful activity
- An order for triple the amount of alleged gains allowed under state law
The petition is part of a broader regulatory crackdown on unlicensed betting platforms operating in New York. Kalshi, which is federally regulated as a designated contract market, has previously argued that its event contracts are legal and not subject to state gambling prohibitions.