Kalshi funds New York school program amid state legal battle

Prediction market Kalshi is launching a three-year, $2.4 million digital initiative for New York public schools, the New York Post reported. The announcement comes as New York Attorney General Letitia James and state regulators launch a legal battle against the company. Authorities claim Kalshi is bypassing New York gambling laws. [1]

The educational effort is a partnership with digital learning product developer Everfi, according to the New York Post. The program aims to educate children on how to engage with social media, artificial intelligence, and new digital spaces. [1]

The company has faced broader regulatory and legal challenges over its offerings. Grokipedia notes that Kalshi classifies itself as a federally regulated commodity exchange rather than a sportsbook, allowing it to operate in states where sports betting is illegal and avoid state gaming taxes. [3]

The state action against the company remains ongoing as regulators challenge its operations under state law, the New York Post reported. [1]