Midtown tower stabilized enough for repairs after fears of potential collapse
A federal judge has upheld New York's authority to restrict sports gambling on prediction markets following a legal challenge by Kalshi.
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The brief
A federal judge denied a bid by the gambling platform Kalshi to block New York's crackdown on prediction markets. The ruling allows New York to restrict sports gambling on these platforms.
Coverage from Ars Technica, Gothamist, Spectrum News, and Times Union emphasizes that Kalshi was denied a preliminary injunction. Reports indicate that Kalshi intends to appeal the decision after the judge sided with New York gambling regulators.
Future developments center on the appeal process initiated by Kalshi. Separately, coverage from Gothamist notes that a Midtown tower has been stabilized sufficiently for repairs following fears of a potential collapse.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 33m ago.
Quick answers
What did the federal judge rule regarding Kalshi?
The judge denied Kalshi's bid for a preliminary injunction and ruled that New York can restrict sports gambling on prediction markets.
How has Kalshi responded to the court's decision?
According to Gothamist, Kalshi is appealing the ruling.
What is the status of the Midtown tower mentioned in reports?
The tower has been stabilized enough for repairs to proceed after there were fears it could potentially collapse.
Coverage (6)
- Court: Kalshi can't evade NY sports licensing law Newsday · 12h ago
- Federal judge denies Kalshi bid to block New York crackdown Times Union · 12h ago
- New York can restrict sports gambling on prediction markets, US judge rules Ars Technica · 12h ago
- Kalshi appeals after federal judge sides with New York gambling regulators Gothamist · 12h ago
- Gambling platform Kalshi denied preliminary injunction in New York Spectrum News · 12h ago
- Midtown tower stabilized enough for repairs after fears of potential collapse Gothamist · 12h ago
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