New York AG Warns of Hidden Risks in Super Bowl Prediction Markets
TL;DR Summary
New York Attorney General Letitia James warns New Yorkers about unregulated prediction markets around Super Bowl 60, saying they lack consumer protections and could invite insider trading, as Kalshi and Polymarket anticipate billions in trading; Kalshi says its products are regulated by the CFTC, while regulators have signaled upcoming rule changes.
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