Kalshi is offering New Yorkers sports and election bets without a state gaming license. CFTC regulation doesn’t wipe out New York’s gambling laws. Every other sportsbook and casino has to play by those rules. This issue isn’t specific to NY; Kalshi is fighting lawsuits by numerous state AGs. Clearly there is grounds or each and every lawsuit would’ve been summarily dismissed. Calling enforcement a “shakedown” is an interesting take.