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New York City Council launches investigation into prediction markets
The investigation comes as New York is suing Kalshi, alleging the company is operating illegal gambling platforms in the state.
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coindesk.com
CFTC orders Kalshi to continue offering prediction markets in New York after state lawsuit
New York sued Kalshi last month in a bid to block it from operating sports-related prediction markets.
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cnbc.com
New York City Council announces probe into prediction market platforms’ marketing strategies
In letters to four prediction market platforms, City Council Speaker Julie Menin said the council was also actively considering legislation to address concerns.
