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Crypto

$36 Billion Lawsuit Filed Against Cryptocurrency Trading Platform Kalshi

Guavy AI Editorial Team
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New York State Attorney General has filed a lawsuit against Kalshi, alleging that the platform owes at least $36 billion. The suit claims that Kalshi's operations are in violation of state securities laws. Kalshi is a cryptocurrency derivatives trading platform.

The Attorney General's office has accused Kalshi of failing to register as a securities exchange and selling unregistered securities. According to the lawsuit, Kalshi has generated significant revenue from its operations but has not reported it to the relevant authorities.

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