The judge said New York gambling laws, as applied to Kalshi's sports-event contracts, are not preempted by the federal Commodity Exchange Act.
Federal preemption failed as a shield — every state can now regulate prediction markets on sports without CFTC cover.
Federal preemption failed as a shield — every state can now regulate prediction markets on sports without CFTC cover.
ESAs backing the ESRB warning puts frontier AI squarely in the macroprudential risk frame — compliance and risk teams at EU fintechs should take notice now.
A $300M raise at $13.2B for a vibe-coding tool signals peak AI-wrapper pricing — or a winner-take-most dev platform bet.
Acquiring a YC-backed agent builder signals Figma is pivoting from design tool to AI development platform before rivals close the gap.
Open-source community experiments are interesting but structurally can't replace the capital markets plumbing regenerative assets actually need.
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