New York officials have taken legal action against a prediction market platform. The state is suing Kalshi, alleging it is an unlicensed gambling operation. This lawsuit seeks to stop the company's operations and recover its profits.

Further details on the lawsuit are available from New York sources. The dispute involves the regulation of prediction markets, with Kalshi arguing it is federally licensed and regulated. The lawsuit is part of a larger issue involving multiple states and the federal government, with more information available from the original source, WSVN 7 News.