What this page covers
As part of its $36 billion lawsuit against Kalshi, the New York Attorney General asked a court to compel Kalshi to produce records of customer names, wager amounts, and losses. This page explains what the demand covers, how discovery works, whether Kalshi can push back, and what it means for users outside New York.
On July 31, 2026, New York Attorney General Letitia James and Governor Kathy Hochul filed a civil enforcement petition against KalshiEX, LLC in the New York Supreme Court, New York County. The lawsuit accuses Kalshi of operating an illegal, unlicensed gambling business in violation of New York's Executive Law § 63(12) and Penal Law § 80.10.
Alongside the standard remedies (a permanent injunction, fines, and disgorgement of profits), New York asked the court for something that directly affects individual traders: a full accounting of customer records. The petition asks Kalshi to produce identity data for every New York account, a transaction-by-transaction record of what customers wagered, and how much each customer lost.
This is a discovery demand embedded in the lawsuit's relief — not a standalone court order. New York has not yet obtained that data; the court must rule on the petition first.
The petition asks the court to order Kalshi to produce the following categories of customer information:
Source: NY AG verified petition, ag.ny.gov petition PDF. The accounting demand is part of the relief the state seeks, not a separately issued court order. A court must grant it before Kalshi is obligated to comply.
Kalshi has not yet been ordered to produce the records — the court must rule on the petition first. By removing the case to federal court, Kalshi adds a procedural step: the federal judge must decide whether to send it back to state court before the state court can act on any accounting order.
Kalshi's public position, per spokesperson Elisabeth Diana: "It's sad to see this type of political theater from the leadership in our own state. States can't just shut down a federally licensed exchange."
The CFTC simultaneously filed an emergency motion in federal court arguing that "Kalshi holds a CFTC Designated Contract Market license; federal law preempts state gambling regulations for CFTC-licensed exchanges" — meaning federal law should block the entire state-court action, including any accounting demand.
For the latest Kalshi status, check kalshi.com directly. This page is updated as primary-source court documents become available.
Discovery materials exchanged between parties in civil litigation are not automatically public. The default rule is that documents produced in discovery are shared only between the litigating parties — not filed with the court or posted on any docket.
The New York AG has not announced any plan to publish individual customer records. The accounting demand serves to establish the scale of alleged violations and calculate damages — not to publicly identify every Kalshi user.
The discovery demand targets New York accounts. The petition is a New York state enforcement action; its accounting demand is tied to Kalshi's operations within New York.
The damages formula may reach nationwide revenue. New York's Executive Law § 63(12) allows the AG to seek disgorgement of all profits from the allegedly illegal conduct — which Kalshi's own attorneys estimate could include nationwide gains. This is contested; no court has ruled on the scope yet.
Precedent risk. If New York successfully compels this accounting, other states pursuing similar enforcement actions may request comparable data production. No other state has issued such a demand as of this writing.
Government plaintiff (state AG)
Civil enforcement action
Goal: establish damages scale
Forum: state court (now removed to SDNY)
Data sought: NY customer accounting
Private plaintiffs (Kalshi customers)
Negligence / data-misuse claims
Goal: compensate harmed users
Forum: federal court
Data at issue: alleged misuse of user data
