New York State Gaming Commission
New York State Gaming Commission cease-and-desist letter to Kalshi
Dated
Cease-and-desist letterStop immediately
Cite this page
Bluebook
New York's Cease-and-Desist Letter to Kalshi (Oct. 24, 2025): What It Says, Prediction Market Laws (last updated Nov. 7, 2026), https://predictionmarketlaws.com/documents/ny-gaming-commission-kalshi-cease-and-desist-2025.
APA
Prediction Market Laws. (2026, November 7). New York's Cease-and-Desist Letter to Kalshi (Oct. 24, 2025): What It Says. https://predictionmarketlaws.com/documents/ny-gaming-commission-kalshi-cease-and-desist-2025
The Commission ordered Kalshi to stop operating what it called an unlicensed mobile sports wagering platform in New York, including the event contracts listed in the letter, and to confirm that it had stopped. It cited New York's racing and wagering law and the Penal Law's definition of gambling, and reserved the right to penalize past, current and future activity.
What the letter says
- The demand. “Cease and desist immediately” from operating, advertising, promoting or otherwise making available an unlicensed mobile sports wagering platform in New York, and confirm compliance.
- The law cited. Racing, Pari-Mutuel Wagering and Breeding Law §§ 104(1), 104(9), 104(24), 1367(1), 1367(2)(a), 1367-a(2)(a) and 1367-a(4)(b), and Penal Law § 225.00(2).
- The warning. Civil penalties and fines under § 104(9), and further investigation of Kalshi's sports wagering in New York.
What happened next
Kalshi sued the Commission two days later. Judge Analisa Torres denied Kalshi a preliminary injunction on July 7, 2026 and an injunction pending appeal on July 27, 2026; the appeal is at the Second Circuit.
Where it fits in the case
Kalshi v. New York (S.D.N.Y.)U.S. District Court for the Southern District of New York, 1:25-cv-08846
- New York State Gaming Commission sends Kalshi a cease-and-desist letter; the state later stipulates not to enforce it pending the PI ruling. This letter
- Complaint filed.
- Judge Analisa Torres denies Kalshi's TRO and preliminary-injunction motion.
- Judge Analisa Torres denies Kalshi's motion (filed July 15, 2026) for an injunction pending appeal; New York's Attorney General says the state will not seek civil penalties while the dispute is resolved.
Read and cite it
Cite the letter
Letter from Robert Williams, Exec. Dir., N.Y. State Gaming Comm'n, to Xavier Sottile, KalshiEX LLC (Oct. 24, 2025).
Cite this summary
Prediction Market Laws, New York State Gaming Commission cease-and-desist letter to Kalshi (read Nov. 7, 2026), https://predictionmarketlaws.com/documents/ny-gaming-commission-kalshi-cease-and-desist-2025.