CFTC steps in to shield Kalshi from New York shutdown attempt Suswati Basu Kalshi can keep operating for now after the Commodity Futures Trading Commission (CFTC) invoked its emergency powers, warning that an effort by New York to restrict the prediction-market exchange could disrupt derivatives markets in the United States and internationally if … Continue reading CFTC steps in to shield Kalshi from New York shutdown attempt
Novig sues New York claiming federal law shields sports prediction markets Suswati Basu A federally regulated prediction market operator is asking a federal judge to block New York from enforcing state gambling laws against its sports event contracts, arguing that Congress placed those markets under the exclusive authority of the Commodity Futures Trading … Continue reading Novig sues New York claiming federal law shields sports prediction markets
Kalshi CEO says New York rejected $10B tax proposal amid crackdown Suswati Basu Kalshi CEO Tarek Mansour is escalating his company’s fight with New York, saying officials turned down a tax proposal that he estimates could bring the state nearly $ 10 billion over five years. Speaking Monday (August 3) on CNBC’s Squawk … Continue reading Kalshi CEO says New York rejected $10B tax proposal amid crackdown
New York sues Kalshi alleging illegal prediction markets defying state gambling laws Suswati Basu New York is taking its fight against prediction markets to court, with Gov. Kathy Hochul and Attorney General Letitia James announcing Friday (July 31) that the state has sued Kalshi, alleging the federally regulated prediction market operator is running … Continue reading New York sues Kalshi alleging illegal prediction markets defying state gambling laws
Resorts World New York City expands casino with 1,400 additional slots Suswati Basu Resorts World New York City has expanded again, reopening the first floor of its commercial casino and adding 1,400 slot machines less than three months after becoming the city’s first full-scale casino with live table games. The latest expansion lifts … Continue reading Resorts World New York City expands casino with 1,400 additional slots
July 10, 2026 The New York Times is escalating its fight with OpenAI, urging a judge to impose sanctions BY Associated Press The New York Times, the Daily News and other media outlets are asking a federal judge to impose sanctions on OpenAI, escalating a fight over artificial intelligence and copyright that could shape the future … Continue reading The New York Times is escalating its fight with OpenAI, urging a judge to impose sanctions
May 20, 2026 Why a Murdoch buying Vox and New York magazine might not be like an episode of ‘Succession’ BY Joe Berkowitz The sale of a marquee digital media company on Succession, the HBO series that ran from 2018 to 2023, was always going to end badly. When Kendall Roy—heir apparent to a fictional media … Continue reading Why a Murdoch buying Vox and New York magazine might not be like an episode of ‘Succession’
New York lawsuits target prediction market giants Coinbase and Gemini in major showdown Suswati Basu New York Attorney General Letitia James has opened what may become one of the biggest state fights yet over prediction markets, suing Coinbase and Gemini and accusing both companies of running illegal online gambling operations. The paired cases … Continue reading New York lawsuits target prediction market giants Coinbase and Gemini in major showdown
Gov. Hochul bans insider prediction market trades for New York State workers Suswati Basu New York Gov. Kathy Hochul has signed an executive order blocking state workers from using confidential government information to make money on prediction markets, calling the practice a threat to public trust. The order was signed on Wednesday (April … Continue reading Gov. Hochul bans insider prediction market trades for New York State workers
New York Governor Hochul pushes rules to curb youth online gambling access Suswati Basu New York Gov. Kathy Hochul is planning to roll out a comprehensive plan to tighten oversight of online gambling, with a sharp focus on keeping young people off betting platforms and curbing industry practices that can fuel addiction. The … Continue reading New York Governor Hochul pushes rules to curb youth online gambling access
