EconomyKalshi Says It’s Not a Casino, Responds to New York Attorney General

Kalshi’s head of enforcement and legal counsel, Robert DeNault, has responded to a lawsuit filed by New York State. He said he is concerned that the office of Attorney General Letitia James may be overreaching. DeNault defended Kalshi’s business model, arguing that the company operates open marketplaces rather than a casino or sportsbook. The response centers on how Kalshi’s operations should be characterized.