Even Gov. Kathy Hochul has tried to influence prediction markets.
“Oh, did you bet on the Knicks, me saying the Knicks,” Hochul told one reporter earlier this month. “It sounds like he may have bet on me saying the Knicks in the prediction markets. So I am going to make you a winner. The Knicks! We love the Knicks.”
What You Need To Know New York and other states across the country are trying to regulate prediction markets, like Kalshi and Polymarket
A federal commission argues regulation is within its purview
The state has sued several companies, charging them
Our editorial team includes several staff writers, each contributing their specialized knowledge to enhance the depth and breadth of our event and story coverage.