Kalshi moves to quash subpoena, NY AG fights back in court
Kalshi tried to quash the subpoena, arguing it duplicates the state’s existing enforcement case.
The hit
New York attorney general Letitia James has filed a petition asking a court to order Kalshi to produce documents under a subpoena, according to GamblingNews. Kalshi missed the original deadline & instead moved to quash the subpoena.
Why it matters
The fight is about whether Kalshi counts as gambling, which New York says it does, or a federally regulated commodity, which Kalshi says it is. The documents sought cover marketing, influencer deals & trading incentives, material that could support either side’s case on how Kalshi actually operates in the state.
The record
| Subpoena issued | 25 September (New York attorney general) |
|---|---|
| Original compliance deadline | 5 October, missed by Kalshi |
| Kalshi’s motion to quash | 30 October |
| Compliance window if court grants petition | 10 days |
| Related action | Polymarket also sued by New York AG in late September |
What happens next
Watch for the court’s ruling on James’ petition, which would determine whether Kalshi must hand over the documents.
Sources: NY AG Files Subpoena to Make Kalshi Reveal More Documents in Ongoing Case
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