New York Attorney General Letitia James filed a lawsuit against Valve Corporation, alleging that loot boxes in its video games constitute illegal gambling. Her office seeks to stop the features and recover profits and fines; the complaint argues that paid random rewards can be traded for money.
The case could affect how game suppliers assess loot-box features and tradable virtual items under state gambling laws.
The day’s most important stories, free. One email a day.
Arizona's attorney general has brought an illegal gambling charge against Kalshi, according to the report. The allegations include accepting bets in the state without a licence and offering wagers on US elections; the report text does not provide further details on the case.
New York Attorney General Letitia James petitioned a court to require Kalshi to produce documents sought in a 25 September subpoena. Kalshi missed the 5 October deadline and later asked the court to quash the subpoena, arguing that it seeks evidence relevant to the state’s ongoing enforcement case; the company disputes that its contracts constitute gambling.
New York Attorney General Letitia James has filed a petition asking a court to order Kalshi to produce documents requested in a 25 September subpoena.
CFTC chair Michael Selig criticised New York Attorney General Letitia James over the dispute about prediction markets, in remarks at a White House meeting on 20 August. James has alleged that Kalshi breached New York sports-betting age rules by allowing people aged 18 to 20 to trade sports-related contracts; Selig said the CFTC had used emergency powers to block a state temporary restraining order.
New York Attorney General Letitia James filed lawsuits against Coinbase Financial Markets and Gemini Titan in state court in Manhattan, reportedly on Tuesday. The complaints allege that the platforms operate without licences from the New York State Gaming Commission and breach state gaming laws; the companies are expected to challenge the cases.
New York Attorney General Letitia James warned consumers about prediction markets ahead of Super Bowl LX, saying the platforms lack protections available through regulated betting and fall outside the New York State Gaming Commission’s oversight. She cautioned operators that advertising or promoting what appears to be sports betting could breach state gaming laws and lead to civil or criminal prosecution.