New York State Department of Financial Services
04/24/2026 | Press release | Distributed by Public on 04/24/2026 18:01
Statement from Governor Kathy Hochul
Statement from Governor Kathy Hochul
Governor Kathy Hochul and New York Attorney General Letitia James today released the following statement in response to the federal government's lawsuit against New York for enforcing the state's gambling laws in actions against prediction market platforms:
"Once again, this administration is prioritizing big corporations over consumers and New Yorkers' best interests. New York's gambling laws are designed to protect consumers, whether they are placing bets in a prediction market or a casino. When gambling platforms, including prediction markets, violate our laws, we will not hesitate to hold them accountable. We look forward to continuing to defend our laws in court."
Contact the Governor's Press Office
Contact us by phone:
Albany: (518) 474-8418
New York City: (212) 681-4640
New York City: (212) 681-4640
Contact us by email:
[email protected]
New York State Department of Financial Services published this content on April 24, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 25, 2026 at 00:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]