New York seeks at least $36 billion while alleging Kalshi operates an unlicensed gambling platform.Kalshi removed the case to federal court, temporarily sidelining New York’s immediate preliminary injunction request.Tarek Mansour compared Kalshi with Nasdaq, saying the exchange matches traders and charges transaction fees.Federal courts previously refused Kalshi’s bid to block New York from enforcing gambling laws locally.The next court fight concerns federal jurisdiction, remand, and whether state gambling rules can coexist.