New York Gains Leverage

New York persuades a state or federal judge that Polymarket's event contracts can be treated as unlawful gambling when offered to New York residents. The Kalshi ruling helps the industry, but the court distinguishes Polymarket because of its offshore history, prior CFTC settlement, crypto rails, and state consumer-protection claims.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.