New York sues Kalshi, claims it is ‘illegal gambling operation’
New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an "illegal gambling operation."In ...
Tuesday, August 11, 2026
Tag: Gambling
Warren Buffett on the market today: ‘It’s tough to find values when everybody is preferring gambling’
Warren Buffett was critical of a stock market that he said is increasingly driven by speculative trading, as opposed to ...
Do You Have to Pay Taxes on Gambling Winnings?
Key Takeaways Yes, gambling winnings are taxable. The IRS generally requires taxpayers to report all gambling winnings—including casino jackpots, sports betting income, ...
Spanish Authorities Order Polymarket and Kalshi Blocked over Gambling Laws
Spain’s gambling regulator blocked local users from Polymarket and Kalshi “as a precautionary measure” as authorities there address allegations the ...
Belgium Online Gambling Nearly Doubled to 14.8% Since 2018 Despite EU-Toughest Ad Ban
Key TakeawaysSciensano found Belgium online gambling rose from 7.9% in 2018 to 14.8% in 2023-2024 despite the 2023 ad ban.BAGO ...
CFTC Sues New York Over bid to Apply Gambling Laws to Prediction Markets
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York to stop the state from applying its ...
New York sues Coinbase and Gemini Titan, calls their prediction markets illegal gambling
NEW YORK, April 21 (Reuters) - New York's attorney general sued Coinbase Financial Markets and Gemini Titan on Tuesday, claiming ...
Kalshi Culture: How Gambling, Speculation, and Degeneracy Went Mainstream
In a recent interview, Tarek Mansour, the co-founder of Kalshi—a company with a marketplace where users gamble on the outcome ...
China to crack down on AI chatbots around suicide, gambling
This photo taken on February 2, 2024 shows Lu Yu, head of Product Management and Operations of Wantalk, an artificial ...
How OBBBA changes gambling income taxes
It's a decent bet: Professional gamblers will become the first taxpayers ever to pay Uncle Sam for unrealized or "phantom" ...
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