Judge rejects Kalshi bid to bypass New York state gambling laws

·1 views

A judge has rejected prediction market platform Kalshi's attempt to override New York state gambling laws. The case drew attention after New York's governor stated that Kalshi had tried to ignore the state's gambling regulations in relation to its prediction market operations. The ruling represents a legal setback for Kalshi, which operates a platform allowing users to bet on the outcomes of real-world events. The decision reinforces the applicability of state-level gambling laws to prediction market platforms operating within New York.

Read the full story at Ars Technica

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Judge approves Musk's $1.5M SEC settlement despite personal reservations

A federal judge has approved Elon Musk's $1.5 million settlement with the U.S. Securities and Exchange Commission, despite expressing personal reservations about the deal. The case centered on how Musk disclosed his increasing ownership stake in Twitter, the social media platform now rebranded as X. The settlement brings a formal close to a prolonged legal dispute between Musk and the SEC over the matter. Regulatory rules require timely and accurate disclosure when an investor acquires a significant stake in a publicly traded company.

0 comments Read more at TechCrunch

TechnologyBBC Tech ·

San Francisco median home price hits record $1.7m amid AI industry boom

San Francisco home prices have reached a record high, with the median cost of a property now standing at $1.7 million. The surge is being driven in part by highly paid workers in the artificial intelligence sector, who have significantly increased demand for housing in the city. The influx of wealthy tech professionals has pushed prices beyond previous records, making the city one of the most expensive housing markets in the United States. The latest figures highlight growing concerns about affordability for residents who do not work in the booming AI industry.

0 comments Read more at BBC Tech

TechnologyTechCrunch ·

Lovable in talks to raise $300M, doubling valuation to $13.2B

AI startup Lovable is reportedly in discussions to close a $300 million funding round, according to Sifted. The deal is expected to be led by Menlo Ventures. If completed, the round would double Lovable's valuation to approximately $13.2 billion. The development signals continued strong investor appetite for AI-driven development tools.

0 comments Read more at TechCrunch

TechnologyThe Verge ·

Meta developing always-on smart glasses that record audio and photos continuously

Meta is reportedly developing prototype smart glasses capable of continuously recording audio and capturing photos every few seconds, according to the Financial Times. The device would integrate with Meta AI, allowing wearers to query the collected audio and images. In one proposed design, raw footage and audio would not be stored by Meta or made directly accessible to users. Instead, only metadata derived from the recordings would be retained and processed. The project positions Meta among companies exploring always-on AI wearables.

0 comments Read more at The Verge