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Federal Judge Lets New York Oversee Kalshi Sports Prediction Contracts
A federal judge rejected Kalshi’s effort to block New York regulators from overseeing its sports prediction contracts, keeping the state’s gambling law role in focus.
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CFTC Lawsuit Could Reshape Sports Prediction Markets, With New York Also in the Mix
A new CFTC lawsuit against New Mexico adds to a growing state-federal fight over sports prediction markets. While the latest case is not in New York, the agency says New York is among the states involved in similar disputes.
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BetMGM Says Knicks Title Run Delivered Big Payouts for New York Bettors
BetMGM says New York bettors who backed the Knicks’ championship run cashed in, including one $20,000 futures bet that returned $440,000 in profit.