Kalshi Funds $2.4M School Program Amid Lawsuit

Families in New York public schools will see a digital financial and career curriculum funded by a company the state is suing.

Updated on Nov. 3, 2026 in Scholarships

Flat-color editorial illustration of a single wooden school desk with a pencil on its edge in a bare brick classroom, evoking public school funding scrutiny. — Kalshi, a prediction-market platform, is funding a $2.4 million digital-literacy program in New York public schools while Attorney General Letitia James seeks $36 billion from the company in a gambling-law suit. AI Illustration. Upload story photo >

Kalshi, a prediction-market platform, launched a three-year, $2.4 million program with digital education company Everfi to bring financial and digital-literacy curriculum to New York public schools. The announcement comes as Attorney General Letitia James has sued Kalshi, seeking $36 billion over alleged gambling-law evasion.

Why it matters

The funding puts a prediction-market company's money directly into classrooms that students in New York attend, at a moment when the state is challenging that company's business model in court. Families weighing school-based financial and digital-literacy resources should know who is funding them and why the funding is being scrutinized.

The school program is a three-year, $2.4 million initiative with Everfi, whose curriculum is available in more than 100 New York public schools. Attorney General Letitia James sued Kalshi for $36 billion in July, alleging it circumvents state gambling laws by offering event contracts.

The players

Kalshi

A prediction-market platform that is funding the school program and is the defendant in the state's $36 billion lawsuit.

Everfi

A digital education company whose curriculum is used in more than 100 New York public schools.

Letitia James

New York Attorney General who sued Kalshi and Polymarket over alleged gambling-law evasion.

Polymarket

A prediction-market platform that the New York attorney general's office sued the month after Kalshi.

Housing Works

A nonprofit that received a $3 million donation from Kalshi to support a healthcare clinic in East Harlem.

The details

Kalshi is funding the program through its partnership with Everfi, and the content is delivered largely through a digital curriculum. The curriculum teaches students to navigate social media and artificial intelligence and includes a STEM career-readiness component covering data science, healthcare, software development, and advanced manufacturing. The state's lawsuit alleges that Kalshi's event contracts bypass gambling laws, and the attorney general's office filed a similar suit against Polymarket the following month.

July: Attorney General Letitia James sued Kalshi for $36 billion.
August: The attorney general's office sued Polymarket.
October: Kalshi donated $3 million to Housing Works to support a healthcare clinic in East Harlem.
The Everfi school program runs over a three-year period.

Education Landscape

Corporate-funded financial and digital-literacy programs are increasingly offered in schools as supplemental resources. This program arrives as the state tests whether prediction-market contracts fall under existing gambling statutes.

Families with students in New York public schools can ask their school whether the Everfi curriculum is being used and what it covers. Anyone weighing financial-literacy or career-readiness coursework should check its funding source and content before enrolling.

The takeaway

Corporate funding can bring useful learning resources into classrooms, but the source of that money may be under legal review at the same time. Ask your child's school which programs are funded by outside companies and what those companies' role is.