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31.07.26 - 18:48
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It′s A Gambling Platform "Plain And Simple"; New York Sues Kalshi (ZeroHedge)
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It's A Gambling Platform "Plain And Simple"; New York Sues Kalshi
Authored by Olivier Acuna via CoinDesk.com,
New York sued prediction-market Kalshi, alleging it offers sports and event wagers in the state without a gaming license.
The petition, filed in the New York Supreme Court on Friday, asks a judge to bar the company from operating an unlicensed gambling business and seeks an accounting of customer bets, losses and company gains, plus restitution, damages and civil penalties.
The state is seeking a penalty equal to three times Kalshi's gains from the activity, plus $100,000 for each unauthorized or attempted offer of sports or mobile sports wagering, according to a statement published by Governor Kathy Hochul and Attorney General Letitia James.
“New York's gambling laws protect children from underage betting and help combat gambling addiction,” James said in the statement.
"No matter what they call themselves, prediction markets like Kalshi are gambling pl...
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31.07.26 - 18:06
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New York sues Kalshi prediction market alleging ′illegal gambling operation′ (The Guardian)
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Calling it an 'illegal, unlicensed gambling operation', state seeks to halt Kalshi's operations and force it to forfeit profitsNew York officials sued the prediction market platform Kalshi on Friday, calling it an “illegal, unlicensed gambling operation” as the state seeks to halt its operations and force the company to forfeit its profits.New York joins a growing number of states filing lawsuits against Kalshi and other companies in a dispute with the Trump administration over who regulates the fast-growing prediction market. Kalshi and other platforms argue they are federally licensed and regulated, and that states have no authority to govern them. Continue reading......
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31.07.26 - 17:31
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New York alleges Kalshi running illegal gambling operation (The Hill)
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The state of New York sued Kalshi on Friday, accusing the prediction market of running an illegal gambling operation. The lawsuit alleges the company is operating a gambling business in "flagrant disregard" of Empire State laws, failing to get a license from the state gaming commission and skirting related taxes. It also argues the platform......
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30.07.26 - 09:51
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Where Tourists Outnumber Locals (ZeroHedge)
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Where Tourists Outnumber Locals
The world's busiest tourist destinations are not always the countries with the highest number of visitors per resident. In smaller nations, annual arrivals can exceed the local population many times over.
This graphic, via Visual Capitalist's Gabriel Cohen, ranks the 25 countries with the highest number of international tourist arrivals per resident, using the latest available data from UN Tourism via Our World in Data and population figures from the World Bank. Territories have been excluded.
Andorra: The Tourist Playground
Andorra stands in a league of its own. The country welcomes roughly 4.2 million international visitors annually despite having only about 82,000 residents, resulting in 51 tourist arrivals per resident—more than five times Monaco's second-place ratio.
Sandwiched in the Pyrenees between France and Spain, Andorra receives many visitors from its two larger neighbors. In recent years, the country has also attracted growing numbers of vis...
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30.07.26 - 08:18
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Meta misses earnings forecasts after Zuckerberg media push to promote AI (The Guardian)
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Stock tumbles nearly 8% after weaker-than-expected results, despite CEO's blitz to tout positive effects of AIMark Zuckerberg's media spree touting the positive effects of artificial intelligence did little to cushion the blow of Meta's second-quarter earnings, which sent its stock tumbling on Wednesday.In a Wall Street Journal op-ed published on Tuesday, the Meta chief executive expressed his optimism for a world where everyone has access to a super-intelligent machine. Continue reading......
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29.07.26 - 23:54
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US State Department Issues Travel Advisory For Caribbean Tourist Destination (ZeroHedge)
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US State Department Issues Travel Advisory For Caribbean Tourist Destination
Authored by Naveen Athrappully via The Epoch Times,
The State Department updated its travel advisory for the Bahamas, highlighting the risk of crime, including sexual assaults, in the Caribbean nation.
Violent crimes, such as sexual assaults, armed robberies, and burglaries, can occur anywhere in the country, the department said in a July 28 update.
“Most crime occurs in Nassau and Freeport on New Providence and Grand Bahama islands. Stay alert in the 'Over the Hill' area in Nassau, south of Shirley Street, where gangs have killed residents. Stay alert in vacation rental properties, especially where private security is not present,” the department said.
Located on New Providence Island, Nassau is the capital of the Bahamas.
The Bahamas has been designated as a “Level 2: Exercise Increased Caution” classification.
The advisory specifically warned about jet skiing and boating activities in the Bahamas, highlig...
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