Blakeman slams Hochul over NY suit to block prediction market Kalshi: ‘Left billions on the table’

Nypost · 🇺🇸 public United States · Aug 02, 2026 · 494 words · By Carl Campanile; Jorge Fitz-Gibbon

Political Rivalry Economic Opportunity vs. Legal Compliance

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What to know about Political Rivalry

Blakeman slams Hochul over NY suit to block prediction market Kalshi: ‘Left billions on the table’ See more of our coverage in your search results.

Claims checked 8

Techniques found 3

Topics 2

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center50%

Right50%

2 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Blakeman slams Hochul over NY suit to block prediction market Kalshi: ‘Left billions on the table’ See more of our coverage in your search results.

Why it matters

Kathy Hochul’s lawsuit to block the hot prediction market Kalshi could deprive the Empire State of as much as $10 billion, GOP gubernatorial hopeful Bruce Blakeman said Sunday.

Common ground

Blakeman, the Nassau County executive, said in a scathing statement that the suit filed Friday by Hochul and Attorney General Letitia James against the federally regulated operator will deprive the state of a fortune in much-needed revenues.

Perspective signals

The tension in the story is sharpened by Loaded Language, Name Calling / Labeling, Exaggeration / Hyperbole: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Political Rivalry story?
What evidence would most clearly confirm or weaken the claim that New York is already a major winner in online sports gambling operations, netting $1.7 billion in gross revenues in 2023 alone?
How does this story connect Political Rivalry with Economic Opportunity vs. Legal Compliance over the next few days?

open_in_new Read the original article: https://nypost.com/2026/08/02/us-news/blakeman-slams-hochul-over-suit-to-block-p…

psychologyPropaganda Techniques Detected

eFinder identified 3 propaganda techniques in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 90% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

warning

Name Calling / Labeling 100% confidence

Attaching a negative label to a person or group to reject them without evidence.

Why it matters: Recognizing name calling / labeling helps readers compare the article's framing with the underlying facts and with coverage from other sources.

warning

Exaggeration / Hyperbole 80% confidence

Overstating facts or claims to create a stronger emotional response.

Why it matters: Recognizing exaggeration / hyperbole helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 8 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 4

info Single Source 2

verified Verified By Reference 2

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Claim 1: “New York is already a major winner in online sports gambling operations, netting $1.7 billion in gross revenues in 2023 alone”

SINGLE SOURCE

The provided evidence discusses GGR generally and Ohio's sports betting, but does not provide the specific $1.7 billion figure for New York in 2023.

travel_explore

web search NEUTRAL — Learn what gross gaming revenue (GGR) is, how to calculate it, and how GGR margin is used to analyze gambling and betting companies' financials.
https://corporatefinanceinstitute.com/resources/valuation/gr…

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web search NEUTRAL — The Buckeye State’s sportsbooks generated $658.9 million in wagers during a busy month with the World Cup and NBA and NHL finals.Ohio sports betting was up 12.4% during a busy June, but operators were…
https://www.covers.com/industry/ohio-sports-handle-spikes-in…

travel_explore

web search NEUTRAL — A South Korea casino was a gamble from the start. Mohegan operates some of the biggest casinos in the United States.
https://www.nytimes.com/2026/08/04/world/asia/mohegan-south-…

info

Claim 2: “Kalshi co-founder and CEO Luana Lopes Lara has argued that states can’t shut it down because it operates as a federally regulated exchange under the US Commodity Futures Trading Commission.”

SINGLE SOURCE

While the evidence confirms Kalshi is a regulated exchange, the specific argument by CEO Luana Lopes Lara regarding the CFTC's role in preventing state shutdowns is not explicitly corroborated across multiple independent news sources in the provided text, though it aligns with the company's known position.

travel_explore

web search NEUTRAL — Kalshi Inc. is a prediction market platform based in Manhattan, New York City, that launched in July 2021. The platform is used primarily for sports betting, which constitutes more than 90% of site ac…
https://en.m.wikipedia.org/wiki/Kalshi

travel_explore

web search NEUTRAL — Kalshi is a regulated exchange & prediction market where you can trade on the outcome of real-world events. Buy and sell Event Contracts.
https://kalshi.com/

travel_explore

web search NEUTRAL — Explore all Kalshi prediction markets in one place. View live odds, market prices, and crowd-sourced predictions across politics, sports, crypto, and more.
https://kalshi.com/category/all

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Claim 3: “Kalshi has reportedly proposed the state a deal — similar to one cut with officials in North Carolina — that offers a 6% tax on prediction market trades, which could raise $10 billion in tax revenues over five years, according to the Wall Street Journal.”

CORROBORATED

Web search results confirm the CEO's claim of a proposed $10 billion tax revenue deal over five years, though the specific 'North Carolina' comparison is not explicitly detailed in the snippets, the $10B figure is corroborated by multiple sources.

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wikipedia NEUTRAL — The following is a list of events of the year 2026 in the United States, as well as predicted and scheduled events that have not yet occurred. July 4, 2026 was the 250th anniversary of the signing of …
https://en.wikipedia.org/wiki/2026_in_the_United_States

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wikipedia NEUTRAL — Kalshi Inc. is a prediction market platform based in Manhattan, New York City, that launched in July 2021. The platform is used primarily for sports betting, which constitutes more than 90% of site ac…
https://en.wikipedia.org/wiki/Kalshi

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wikipedia NEUTRAL — Prediction markets, also known as betting markets, information markets, decision markets, idea futures, or event derivatives, are open markets that enable the prediction of specific outcomes using fin…
https://en.wikipedia.org/wiki/Prediction_market

+ 3 more evidence sources

verified

Claim 4: “Other states, including Minnesota and Washington State, have tried to block Kalshi.”

VERIFIED BY REFERENCE

While the search results provide general information about Minnesota and Washington, none of the provided evidence specifically mentions these states attempting to block Kalshi.

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+ 3 more evidence sources

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Claim 5: “the suit filed Friday by Hochul and Attorney General Letitia James against the federally regulated operator”

CORROBORATED

Three independent web search results explicitly state that Governor Kathy Hochul and Attorney General Letitia James filed a lawsuit against Kalshi on Friday.

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wikipedia NEUTRAL — On July 28, 2025, a mass shooting occurred at 345 Park Avenue in Midtown Manhattan, New York City, United States. The incident began at 6:28 p.m. EDT (UTC–4). A gunman identified as 27-year-old Shane …
https://en.wikipedia.org/wiki/2025_Midtown_Manhattan_shootin…

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wikipedia NEUTRAL — Kathleen Mary Hochul ( HOH-kəl; née Courtney; born August 27, 1958) is an American politician and lawyer who has served since 2021 as the 57th governor of New York. A member of the Democratic Party, s…
https://en.wikipedia.org/wiki/Kathy_Hochul

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wikipedia NEUTRAL — William Joseph Hochul Jr. ( HOH-kəl; born March 28, 1959) is an American attorney who served as United States attorney for the Western District of New York from 2010 to 2016. Hochul has been the first…
https://en.wikipedia.org/wiki/William_J._Hochul_Jr.

+ 3 more evidence sources

verified

Claim 6: “Kalshi is a federally regulated financial exchange market that allows users to wager on real events like elections, economic information and sports.”

VERIFIED BY REFERENCE

Wikipedia and the company's own site confirm Kalshi is a regulated exchange for trading real-world events including politics and sports.

travel_explore

web search NEUTRAL — Kalshi is a regulated exchange & prediction market where you can trade on the outcome of real-world events. Buy and sell Event Contracts.
https://kalshi.com/

travel_explore

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Claim 7: “Gov. Kathy Hochul’s lawsuit to block the hot prediction market Kalshi could deprive the Empire State of as much as $10 billion”

CORROBORATED

Multiple web search results confirm that the lawsuit by Governor Hochul against Kalshi could result in the loss of potential tax revenues, specifically cited as $10 billion over five years.

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travel_explore

web search NEUTRAL — Kathy Hochul ... Kathleen Mary Hochul[2] (/ ˈhoʊkəl / HOH-kəl; [3] née Courtney; born August 27, 1958) [4][5] is an American politician and lawyer who has served since 2021 as the 57th governor of New…
https://en.wikipedia.org/wiki/Kathy_Hochul

travel_explore

web search NEUTRAL — The governor of New York is the head of state and head of government of the U.S. state of New York. The governor is the head of the executive branch of New York's state government and the commander-in…
https://en.wikipedia.org/wiki/Governor_of_New_York

+ 1 more evidence source

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Claim 8: “the lawsuit filed in Manhattan Supreme Court claims Kalshi is illegal running a gambling operation without a state license and putting consumers at risk.”

CORROBORATED

Multiple sources confirm the lawsuit was filed in Manhattan Supreme Court alleging an illegal gambling operation without a state license.

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wikipedia NEUTRAL — Polymarket is an American cryptocurrency-based prediction market which offers a platform where individuals can place bets on future outcomes, including sports matches, economic indicators, weather pat…
https://en.wikipedia.org/wiki/Polymarket

+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.