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Kalshi Claims They Could Generate $10 Billion in NY Tax Revenue—But Won't Explain How

Summary by Hell Gate
Immediately after New York Governor Kathy Hochul and State Attorney General Tish James announced a $36 billion illegal gambling lawsuit against Kalshi last month, the prediction market behemoth struck back in the press, all but accusing the state of colluding with the legal sports betting industry."You're gonna have a lot of pissed-off New Yorkers if we get shut down in New York," Kalshi CEO Tarek Mansour told the hosts of the CNBC show "Squawk …
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Hell Gate broke the news on Thursday, August 13, 2026.
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