New York wants Kalshi treated like an unlicensed sportsbook, while the prediction-market operator insists its federal status puts it beyond state gambling control. New York Calls It Gambling, Full Stop New York Governor Kathy Hochul and Attorney General Letitia James have sued KalshiEX, accusing the company of operating an illegal gambling platform without approval from […]
New York
New York Bill Would Force Sportsbooks to “Show Their Work” Every Month
New York lawmakers are considering a bill that would push a monthly betting “receipt” to every mobile sportsbook customer, making it a lot harder to ignore what the app has been quietly keeping score of all along. The proposal: mandatory monthly account statements Assembly Bill A10329, filed February 24, 2026, by Assemblymember Rebecca Kassay and […]
New York’s ORACLE Act Targets Sports Contracts on Prediction Markets
A proposed New York law could force platforms like Kalshi and Polymarket to rethink how they operate in the state. Crackdown on Sports Contracts in the Cards New York lawmakers are considering a bill that would put strict limits on prediction market platforms, particularly those offering sports-related contracts. The ORACLE Act (Assembly Bill A09251), introduced […]
New York Cracks Down on Dual-Currency Sweepstakes Casinos, Cutting Off Access for Players
Online sweepstakes casinos and sportsbooks built on dual-currency systems are now banned in New York under Bill S5935A. The law prohibits platforms that let players use one in-game currency for fun while converting another into real cash rewards — a model popular among “social casinos” operating in legal grey zones. For casual players using these […]
New York Sportsbooks Smash Revenue Record with $248.9M in May
New York’s mobile sportsbooks posted their strongest month to date in May 2025, pulling in $248.9 million in gross gaming revenue (GGR), a new high that edges past the previous record of $247 million set in January. The milestone came despite a slight dip in handle, which dropped from $2.48 billion in January to $2.21 […]
Record-Breaking Revenue in New York’s Sports Betting Market: November 2024 Highlights
New York’s Milestone Achievement in Sports Betting New York’s sports betting industry reached new heights in November 2024, setting an all-time record for gross gaming revenue (GGR). The New York State Gaming Commission reported a staggering $231.7 million in GGR, a 53.5% increase from November 2023 and a 9.5% jump from January 2024’s previous record […]
New Heights in New York: A Record-Breaking Month for Sports Betting
Overview of Sports Betting Growth in New York In a display of growth, New York State achieved a new record in sports betting handles with a staggering $2.3 billion in October 2024. This milestone surpasses the previous record of $2.11 billion set in November 2023, highlighting the continued expansion of sports wagering in the region. […]
Battle for NYC: Casino Titans Jay-Z and Steve Cohen Unveil Ambitious Projects
New York City is at the heart of a fierce competition as two of the city’s most influential figures, Steve Cohen and Jay-Z, propose multi-billion-dollar casino projects. Both developments promise to inject substantial investments into the local economy, but they also face challenges as community concerns and political hurdles stand in their way. Steve Cohen’s […]
New York Casino Bidders Meet with Brooklyn Residents Over Potential $3B Casino
As the competition intensifies for three casino licenses on offer in downstate New York, companies involved in a proposal to build an entertainment venue with a casino in Coney Island, Brooklyn recently met with local residents to discuss the project. The proposed $3 billion development, named “The Coney”, would feature a casino, indoor waterpark, hotel, […]
