New York Sues Kalshi Over Illegal Gambling, and Coinbase and Gemini Are Named Too
New York Attorney General Letitia James sued Kalshi, Coinbase, and Gemini for running illegal gambling platforms in April 2026, targeting prediction markets.
Mustafa Shabbir is an assistant editor at Fathom, covering AI products and consumer technology. His beat is what actually ships: chatbots and copilots, the features folded into software people already use, pricing changes, deprecations, and the slow migration of AI from a destination to a default setting. He covers the hardware alongside it, from phones to headsets, on the view that the device is where most people meet the technology. He is interested in the gap between what a launch demonstrates and what the product does on an ordinary day, and treats availability, pricing and rate limits as the parts of an announcement most worth reading closely. A feature that exists in a keynote and not in the app is, to him, still a plan rather than a product.
New York Attorney General Letitia James sued Kalshi, Coinbase, and Gemini for running illegal gambling platforms in April 2026, targeting prediction markets.
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