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Kalshi is partnering with Everfi on a three-year, $2.4 million education initiative for New York public schools while facing a legal challenge over alleged violations of state gambling laws, according to the New York Post. The funding effort comes as Attorney General Letitia James pursues a lawsuit challenging the company’s event contracts.
New York challenges Kalshi’s event contracts
James sued Kalshi in July, seeking $36 billion and alleging that the company circumvents New York gambling laws through its event contracts, the Post reported. She later sued Polymarket on similar grounds.
The attorney general’s position is that prediction markets operate as gambling platforms regardless of how they describe their products.
“No matter what they call themselves, prediction markets like Kalshi are gambling platforms, plain and simple,” James said at the time of the lawsuit.
Those claims are allegations, not findings of wrongdoing. The dispute centers on whether Kalshi’s offerings bypass the gambling rules New York seeks to enforce.
The action follows earlier scrutiny of prediction markets in the state. PlayNY reported on Feb. 6 that James issued a warning about prediction markets ahead of the Super Bowl.
School funding targets digital literacy and STEM careers
The Everfi partnership focuses on healthy engagement with social media, artificial intelligence and other digital spaces. It also includes a STEM career-readiness curriculum covering data science, healthcare, software development and advanced manufacturing.
Everfi’s curricula are already used in more than 100 New York public schools, according to Elizabeth Figoni, the company’s senior vice president. That figure describes Everfi’s existing school presence.
“Our hope is simple: to open the door for the next generation of innovators,” Kalshi CEO Tarek Mansour told the Post.
The school initiative follows another New York contribution by Kalshi: a $3 million donation to Housing Works in October for a healthcare clinic in East Harlem, the Post reported.
More from playny.com – Reported FTC sports betting review would exclude Kalshi and Polymarket – Kalshi ramps up New York lobbying as prediction markets spend tops $3 million in state fight – Nevada urges Ninth Circuit to keep Kalshi rehearing moving despite pending CFTC rules
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Source: As reported by New York Post.
