Kalshi CEO Tarek Mansour blasted New York’s lawsuit against the prediction market company on Monday, arguing the state is trying to stifle innovation rather than enforce the law.

“This is the same playbook you see any time a legacy industry gets disrupted,” Mansour said during an appearance on CNBC’s Squawk Box. “First they litigate. Then they try to legislate. Eventually they will come around to the fact that consumer demand isn’t going anywhere.”