New York News & Prediction Market Coverage
Track the latest New York news across prediction markets. Prediction News is following 16 active New York stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
New York sues Polymarket as illegal gambling business
LegalConnecticut sues Kalshi to block sports event contracts
LegalManhattan judge weighs CFTC bid to block New York prediction market crackdown
LegalNew York AG asks federal court to disregard CFTC emergency order to Kalshi
TechNovig launches CFTC-regulated sports prediction market in 47 states and sues New York
LegalNovig sues five states to block gambling laws from hitting CFTC-regulated platform
LegalKalshi suspends sports mention markets as CFTC opens manipulation review
LegalNYC Council probes Coinbase, Polymarket, Kalshi, and Gemini Titan over prediction market ads
LegalCFTC orders Kalshi to keep operating after New York lawsuit
LegalNew York attorney general sues Kalshi over alleged illegal gambling operation
LegalNew York judge denies CFTC motion against Kalshi as state lawsuits multiply
LegalThirty-eight state attorneys general join legal fight against Kalshi event contracts
LegalKalshi enforcement chief rejects 'casino' label in New York legal fight
LegalSDNY judge denies Kalshi preliminary injunction in New York preemption fight
LegalMichigan-Kalshi World Cup fight could reach Supreme Court, experts say
LegalJudge Torres denies Kalshi New York injunction, company appeals to Second Circuit
Frequently Asked Questions
Is Kalshi legal in New York?
Kalshi operates under its CFTC registration, but New York is pursuing enforcement of state gambling laws against its sports contracts; the CFTC has sued New York over preemption, and Kalshi's appeal is pending in the Second Circuit.
Is Polymarket legal in New York?
Polymarket faces the same exposure as Kalshi to New York enforcement actions under state gaming statutes while federal preemption litigation continues.
What is New York's position on prediction markets?
New York regulators and the Attorney General have warned that unlicensed prediction markets violate state gambling laws and lack consumer protections; the state is litigating preemption and exploring its own licensing regime.
Can New York residents trade on Kalshi or Polymarket?
Residents can currently access the platforms, but ongoing state enforcement and litigation create uncertainty around sports and certain event contracts.
Is there state legislation regulating prediction markets in New York?
New York lawmakers have advanced proposals for state-level licensing, tax structures, and rules covering platforms offering contracts on politics, sports, and other events.
Why is the CFTC suing New York over prediction markets?
The CFTC argues that the Commodity Exchange Act gives it exclusive jurisdiction over event contracts, preempting state gambling enforcement against federally regulated platforms.