New York News & Prediction Market Coverage
Track the latest New York news across prediction markets. Prediction News is following 20 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
Arkansas attorney general sues Kalshi over Razorbacks event contracts
LegalNew York judge blocks Novig, rules sports event contracts are sports betting
LegalKalshi pledges $1 million to NYCHA public health program
LegalSecond Circuit panel denies Kalshi and Coinbase bids to pause state enforcement
TechFormer CFTC counsel says Supreme Court likely to take Kalshi sports contracts case
TechNew York challenges CFTC swaps rule Kalshi cites in state fights
LegalKalshi petitions full Sixth Circuit as NFL amicus deepens event-contract circuit split
TradingPolymarket debuts 15-minute Bitcoin contracts as New York sues and crypto odds shift
LegalPolymarket rolls out deposit limits and addiction safeguards amid New York suit
LegalNew York and Polymarket file dueling lawsuits over state gambling authority
LegalNew York's gambling tax revenue faces pressure from prediction market growth
LegalNew York sues Kalshi over alleged illegal gambling
LegalPolymarket and Kalshi cite compliance cooperation as stock-linked markets draw scrutiny
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
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.