❌

Normal view

Judge rejects Kalshi attempt to override New York state gambling laws

8 July 2026 at 19:14

Kalshi lost an attempt to override New York's state gambling laws yesterday, with a federal judge rejecting the prediction market operator's request to prevent enforcement of the rules.

Kalshi is appealing the decision to a higher court. This is one of numerous cases in which judges must decide whether state laws are preempted by federal regulation of prediction markets.

New York Governor Kathy Hochul and Attorney General Letitia James issued a joint statement on the ruling today. β€œNew York’s gambling laws are designed to protect consumers," they said. "Kalshi tried to ignore them. Yesterday, they lost in court. We will continue to hold all gambling platforms accountable to the lawβ€”and that includes prediction markets.”

Read full article

Comments

Β© Getty Images | Bloomberg

Inside the Luddite festival harnessing Gen Z’s rage against Big Tech

On a Sunday evening in the middle of Tompkins Square Park in New York City’s East Village, hundreds of people gather in front of a giant papier-mΓ’chΓ© face of a woman wearing a crown. She’s the backdrop of a play, her body made up of curtains that look like a dress but serve a dual purpose, allowing actors to scurry on and offstage.

I’m here to watch a performance called β€œLuddite Recreations,” which is a history of the Luddite movementβ€”a group of artisans and textile workers who resisted the adoption of machines during the early years of the Industrial Revolution in England and whose resistance to being displaced from their work was met with violence by the British monarchy.

It’s one of the opening events of the Summer of Ludd, a weeklong series of talks and activities like how to flirt and date offline, mending, and learning to fight against data centers, all focused on getting people off their phones and into community.

Read full article

Comments

Β© Rapeepong Puttakumwong via Getty Images

❌