NEW York

The CFTC has ordered Kalshi to continue operating in New York after the state sued to block its sports prediction markets. The move deepens a regulatory clash over whether event contracts fall under federal derivatives oversight or state gambling law.

New York has sued Kalshi, alleging the prediction-market platform offers sports and event wagers without a gaming license. The state is seeking to bar the company from operating what officials describe as an unlicensed gambling business, while pursuing restitution, damages and civil penalties.

COMEX registered silver has climbed as metal is reclassified for delivery, giving Western traders a looser inventory signal. In Shanghai, however, buyers are paying a steep premium, suggesting physical tightness has shifted east rather than vanished.

Zohran Mamdani’s win in the NYC mayoral race left one Polymarket trader nearly $1M down. Learn how the record $424M betting event unfolded amid market manipulation claims.

Manhattan prosecutors are urging for a lengthy prison sentence of 40 to 50 years for Sam Bankman-Fried, following his conviction for orchestrating an $8 billion fraud scheme through his now-defunct FTX cryptocurrency exchange.