Tarek Mansour, CEO of Kalshi, defended the company against a lawsuit filed by New York by comparing the case to those that could be brought against tech giants such as Nasdaq, Uber and Airbnb. During an interview with CNBC, he stated that one could simply copy and paste this lawsuit filing to sue Nasdaq. This defense strategy aims to demonstrate that the New York complaint relies on arguments that could apply to many established tech companies. The lawsuit, filed by New York authorities, questions Kalshi’s prediction markets activities.
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