Kalshi pumps $1 million into NYCHA public health program amid legal battle with New York

Kalshi is pumping $1 million toward a public health program for NYCHA residents, even as the prediction market platform faces a lawsuit from New York over allegations that it is operating an illegal gambling business in the state.

Kalshi, the Public Housing Community Fund and Rep. Ritchie Torres announced Thursday, Nov. 5, a four-year, $1 million investment to establish the Kalshi Public Housing Health Fund, which will support up to 35 volunteers in NYCHA’s Health Corps.