New York bill seeks regulation of prediction markets like Kalshi amid legal uncertainty. Kalshi faces state action over $63M in election contracts deemed unlicensed wagering. Google to feature Kalshi and Polymarket data as lawmakers debate gambling classification. A New York legislator has introduced a bill seeking to regulate prediction-market providers such as Kalshi, despite growing concern that the emerging sector may be operating in violation of state gambling laws. According to a report , Assemblyman Clyde Vanel (D), who chairs the Assembly Banks Committee, unveiled Bill A.B. 9251 on Friday to establish a clear legal framework for prediction markets and empower the state attorney general’s office to take enforcement action against unlicensed operators. Vanel stated that the proposal would provide regulators with statutory authority to impose guardrails on th… Read The Full Article New York Seeks Legal Clarity for Kalshi and Other Prediction Exchanges On Coin Edition .
