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New York Senate passes gambling-ad warnings bill 57-0

Regulation

New York’s Senate passed Assembly Bill 1118 by 57-0 last Thursday, reportedly requiring gambling adverts to warn about potential harm and addiction. The bill would also require the New York State Gaming Commission to publish advertising guidance and coordinate on including a problem-gambling hotline; it now goes to the Assembly for further consideration.

If enacted, the bill would impose warning and hotline requirements on gambling advertising in New York.

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Second Circuit denies Kalshi and Coinbase injunction requests in New York and Connecticut

The Second Circuit denied Kalshi’s requests to block enforcement action in New York and Connecticut, and Coinbase’s similar request in Connecticut, on 3 November. The panel said the companies had not shown that interim injunctions were warranted; the underlying cases continue.

At the U.S. Court of Appeals for the Second Circuit, Kalshi lost its bid for temporary relief against authorities in New York and Connecticut, and Coinbase was refused a preliminary injunction in Connecticut. On Tuesday, Nov. 3, a three-judge panel held that the prediction market companies cannot stop state regulators from pursuing enforcement action while their cases continue.

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