New York City mayor-elect Zohran Mamdani said he would not use his position to block the remaining downstate casino projects, despite opposing large-scale gambling. He also referred to Kalshi during his campaign; the company has sued the New York State Gaming Commission after receiving a cease-and-desist letter over sports wagering. Three bids remain for the three casino licences, according to the report.
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New York’s Gaming Facility Location Board recommended three New York City casino proposals for licences on Monday, sending them to the state Gaming Commission for a final decision. The proposals are Bally’s $4bn Bronx project, Hard Rock’s $8.1bn Queens plan and Resorts World’s expansion, which the source says would invest more than $5bn.
US District Judge Lorna G. Schofield questioned the CFTC's prospects of securing a preliminary injunction to prevent New York from enforcing gambling laws against event-contract platforms. At a 14 September hearing, the agency argued that the contracts fall under its exclusive authority; New York, the American Gaming Association and 44 state attorneys general oppose that position. Federal appeals courts have issued conflicting rulings, and the Supreme Court has been asked to resolve the dispute.
The Second Circuit declined Kalshi's request for an injunction barring New York authorities from enforcing gambling laws against the company. The court referred the motion onward, the report said. The ruling came in the same week that a Wisconsin judge sided against the CFTC and Kalshi.
New York Senate Bill 10470, filed by Senator Andrew Gounardes and referred to the Racing, Gaming and Wagering Committee, would prohibit mobile sportsbooks from accepting bets placed on college campuses. If enacted, it would take effect immediately, with operators given until 1 August 2027 to install the required geolocation technology.
The Commodity Futures Trading Commission filed a lawsuit in New York seeking to stop the state from taking enforcement action against CFTC-registered prediction market companies. The agency said New York has used cease-and-desist letters and civil suits against those entities. The case follows lawsuits brought by New York Attorney General Letitia James against Coinbase and Gemini over alleged illegal gambling services.