This has little to do with NY governing NY. NY was attempting to govern Kalshi in other states, which it doesn't have the authority to do.
Legal filings by the State of New York indicate that this was not in fact the case and they were asking Kalshi to halt offering their product to the public in the state of NY only.
False: https://news.ycombinator.com/item?id=49266746
Kalshi is a NY company, why can't the NY AG govern what businesses in NY do again?
Legal filings by the State of New York indicate that this was not in fact the case and they were asking Kalshi to halt offering their product to the public in the state of NY only.