Business Latest | US Senate Candidate Caught Insider Trading on Kalshi Says He Did It on Purpose by Kate Knibbs

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Kalshi announced it had penalized three U.S. politicians for insider‑trading violations on its prediction‑market platform, including Virginia Senate hopeful Mark Moran—a former investment banker and “FBoy Island” reality‑show contestant who says he deliberately bet $100 on his own candidacy to test enforcement and draw attention to what he calls the harmful effects of prediction markets. Moran, who was fined $6,229.30 and banned for five years after refusing a settlement that required a public statement, claimed the stunt was inspired by perceived manipulation on Polymarket and framed it as an avant‑garde campaign tactic, promising to push legislation that would tighten guardrails around such markets if elected. Kalshi’s other actions involved candidates in Minnesota and Texas, while earlier cases had fined far‑right Republican Kyle Langford. The enforcement moves come amid a broader national debate over regulating prediction‑market platforms, with several states suing operators as unlicensed gambling operations and New York Governor Kathy Hochul signing an order banning state employees from insider trading.

Read more: https://www.wired.com/story/us-senate-candidate-caught-insider-trading-on-kalshi-says-he-did-it-on-purpose/

#Kalshi #MarkMoran #CFTC #business/regulation #KyleLangford #KathyHochul

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Business Latest | New York Bans Government Employees from Insider Trading on Prediction Markets by Kate Knibbs

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New York Governor Kathy Hochul signed an executive order prohibiting state employees from using non‑public information obtained in their official duties to trade on prediction‑market platforms such as Kalshi and Polymarket, emphasizing that such insider trading is outright corruption and reinforcing existing Commodity Exchange Act rules that already forbid the practice. The move follows similar bans by California and Illinois and comes amid broader federal efforts—including congressional bills and CFTC “zero‑tolerance” investigations—to curb insider trading and market manipulation in the rapidly growing prediction‑market industry. In response, platforms like Kalshi and Polymarket have tightened their own policies, increased market surveillance, and begun flagging suspicious activity to regulators, though no arrests have yet been made in the United States.

Read more: https://www.wired.com/story/new-york-bans-government-employees-prediction-markets/

#KathyHochul #CFTC #business/regulation #GavinNewsom #J.B.Pritzker #RichardBlumenthal #MichaelSelig

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300,000 workers across New York are calling on Gov. #KathyHochul to choose between taxing the ultra wealthy or cutting essential services as a fiscal crisis grows. #NYPolitics #Budget #Taxes #NYC

Unions warn nearly 1 million New Yorkers could lose healthcare, over 200,000 risk losing food assistance, and NYC... https://instagr.am/p/DXY-ZXCldiA/

Gov. Kathy Hochul is taking a stand against federal overreach with her “Local Cops, Local Crimes” initiative. This proposal aims to keep local police focused on community safety and prevent them from aiding ICE in targeting law-abiding families. #KathyHochul #PublicSafety

In response to recent incidents, Hochul’s plan seeks to protect communities by limiting ICE’s ability to operate without warra... https://instagr.am/p/DXXme2xRGzo/

#KathyHochul is backing a new tax on ultra wealthy second homes in NYC after mounting pressure, proposing a targeted fee on properties over 5 million that often sit empty. #Tax #NYC #Economy #Policy

Hochul called it a “common sense surcharge” on luxury second homes, noting some units worth over 100 million dollars are “actually never been lived in.” The plan targets non resident owners who benefi... https://instagr.am/p/DXKxs3BkTGm/

The New Republic | Kathy Hochul Has One Last Chance to Do the Right Thing on Climate by Ilana Cohen

In recent weeks, New York Governor Kathy Hochul has indicated that she wants to roll back the state’s landmark Climate Leadership and Community Protection Act—to the horror of everyday New Yorkers and civil society organizations, who have called to keep the act intact. But by passing a second extension to budget negotiations this week, New York lawmakers have given Hochul a little more time to reconsider.

The CLCPA passed in 2019 amid global climate strikes and the determined efforts of local advocacy groups like NY Renews. Enacting the CLCPA put New York on track to significantly curb greenhouse gas (GHG) emissions and align itself with environmental justice. Setting legally binding emissions reductions targets, the CLCPA upon passage was celebrated as the strongest climate law in the nation, and a mark of New York’s commitment to climate leadership. Now, amid unprecedented environmental deregulation—including the rollback of the Endangerment Finding, which allowed the federal government to regulate greenhouse gases, and a second withdrawal from the Paris climate agreement—the CLCPA is one of the last serious U.S. climate policies left standing.

Yet over the last few months, the CLCPA has fallen subject to an extremely high-stakes and last-minute attempt to substantially alter its core provisions.

Read more: https://newrepublic.com/article/208715/hochul-clcpa-budget-extension

#climate #climatepolitics #kathyhochul #newyork #climateleadershipandcommunityprotectionact

#MichaelBloomberg’s wealth disparity highlighted: it takes him just six minutes to earn $90,000, a year’s income for many. Calls for #KathyHochul to #TaxTheRich to support healthcare and SNAP benefits in New York are growing louder. #Politics

In a candid conversation, Joe, an operations manager in fashion, learned that #MichaelBloomberg, who spent $15.6 million to oppose Zoran Mamdani, earns $2 b... https://instagr.am/p/DW0Af6Ph_pv/

Medical Examiner Rules That a #Rohingya #Refugee’s Death Was a #Homicide

An autopsy showed that the man suffered dehydration & hypothermia after #BorderPatrol agents dropped him off on a cold night in Buffalo. Gov #KathyHochul condemned their actions as #cruel & #inhumane.

#Trump #law #murder #ExtraJudicialKillings #DueProcess #HumanRights #fascism #Tyranny #TheCrueltyIsThePoint #ICE #CBP #Sturmabteilung #WhiteSupremacy #WhiteChristianNationalism
https://www.nytimes.com/2026/04/01/nyregion/rohingya-refugee-buffalo-homicide-medical-examiner.html?smid=nytcore-ios-share