Tish James, Kathy Hochul’s pursuit of Kalshi raises questions about why they’re ignoring Polymarket

Nypost · Aug 07, 2026 · 881 words · By Charles Gasparino

Regulatory Overreach Political Corruption Selective Enforcement

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What to know about Regulatory Overreach

Tish James, Kathy Hochul’s pursuit of Kalshi raises questions about why they’re ignoring Polymarket See more of our coverage in your search results.

Claims checked 10

Techniques found 4

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center80%

Right20%

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

What happened

Tish James, Kathy Hochul’s pursuit of Kalshi raises questions about why they’re ignoring Polymarket See more of our coverage in your search results.

Why it matters

Add The New York Post on Google State regulators taking aim at prediction markets for regulation isn’t new, but according to Kalshi, what is new is New York singling out its business as an “illegal gambling operation” for much of the same wagering that can be…

Common ground

At issue: A lawsuit recently filed by New York Attorney General Tish James with the full blessing of fellow Dem Gov.

Perspective signals

The tension in the story is sharpened by Loaded Language, Whataboutism, Smears: 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 Regulatory Overreach story?
What evidence would most clearly confirm or weaken the claim that The CME Group? The largest options and derivatives market in the world, which is based in Chicago?
How does this story connect Regulatory Overreach with Political Corruption over the next few days?

open_in_new Read the original article: https://nypost.com/2026/08/07/business/tish-james-kathy-hochuls-pursuit-of-kalsh…

psychologyPropaganda Techniques Detected

eFinder identified 4 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.

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Whataboutism 80% confidence

Deflecting criticism by pointing to a different issue.

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

warning

Smears 80% confidence

Using damaging allegations to undermine a person's reputation.

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

warning

Appeal to Pity 70% confidence

Evoking sympathy to win support rather than using logical arguments.

Why it matters: Recognizing appeal to pity 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 10 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 4

help Insufficient Evidence 2

verified Verified By Reference 1

info Single Source 1

verified Verified 1

cancel Disputed 1

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Claim 1: “The CME Group? The largest options and derivatives market in the world, which is based in Chicago”

CORROBORATED

Multiple sources confirm CME Group is a leading derivatives marketplace based in Chicago and is one of the largest in the world.

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web search NEUTRAL — CME Group is the world's leading and most diverse derivatives marketplace offering the widest range of futures and options products for risk management.Explore courses on futures and options. Tap into…
https://www.cmegroup.com/

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web search NEUTRAL — CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interes…
https://finance.yahoo.com/quote/CME/

travel_explore

web search NEUTRAL — Mercantile Exchange in Chicago by architects Fujikawa Johnson & Associates.CME has the largest options and future contracts open interest (number of contracts outstanding) of any futures exchange in t…
https://www.thomaskellner.com/artworks-and-art-commissions/a…

help

Claim 2: “Eliot Spitzer made a career targeting alleged Wall Street fraud that for years came under the jurisdiction of the federal Securities and Exchange Commission (that is, before he became governor and resigned in disgrace over a prostitution scandal).”

INSUFFICIENT EVIDENCE

No evidence was provided in the search results to evaluate this claim.

verified

Claim 3: “deep-discount brokerage Robinhood also should come under the state’s thumb; it, too, offers so-called “event contracts””

VERIFIED BY REFERENCE

Wikipedia explicitly states that Robinhood provides a platform for 'event contracts on prediction markets'.

travel_explore

web search NEUTRAL — It provides an electronic trading platform that facilitates trades of stocks, exchange-traded funds (ETFs), options, index options, futures contracts, event contracts on prediction markets, and crypto…
https://en.wikipedia.org/wiki/Robinhood_Markets

travel_explore

web search NEUTRAL — Trade stocks on Robinhood with commission-free investing & advanced trading tools. Access fractional shares, real-time market data, and more. Terms and fees may apply.
https://robinhood.com/

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web search NEUTRAL — Not on Robinhood?
https://robinhood.com/login

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Claim 4: “Among the remedies the state is seeking is Kalshi getting licensed by the state, and turning over billions of dollars in what it describes as ill-gotten gains.”

CORROBORATED

Web search results confirm the state is seeking billions in damages (specifically citing $36 billion) and requires a state license from the New York Gaming Commission.

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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

info

Claim 5: “reps for James and Hochul point out that they’ve sued digital currency platforms Coinbase and Gemini over similar issues”

SINGLE SOURCE

The provided evidence for this claim consists of generic Google News, Fox News, and CNN homepages, which do not contain specific information about lawsuits against Coinbase and Gemini by James/Hochul.

travel_explore

web search NEUTRAL — Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
https://news.google.com/

travel_explore

web search NEUTRAL — Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports.
https://www.foxnews.com/

travel_explore

web search NEUTRAL — CNN would like to invite you to participate in a short research survey about a new product feature.
https://www.cnn.com/

verified

Claim 6: “It’s regulated by the federal government because it’s actually offering futures contracts, not much different than the puts and calls monitored by the Commodity Futures Trading Commission.”

VERIFIED

Kalshi describes itself as a regulated exchange for event contracts, and the CFTC is the federal agency that regulates derivatives/futures markets in the US.

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wikipedia NEUTRAL — A number of financial analysts have identified significant signs of insider trading in the U.S. government during the second presidency of Donald Trump. Allegations of insider trading have focused on …
https://en.wikipedia.org/wiki/Insider_trading_allegations_du…

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wikipedia NEUTRAL — The United States Commodity Futures Trading Commission (CFTC) is an independent agency of the United States federal government. Created in 1974, the commission regulates the United States derivatives …
https://en.wikipedia.org/wiki/United_States_Commodity_Future…

+ 3 more evidence sources

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Claim 7: “A lawsuit recently filed by New York Attorney General Tish James with the full blessing of fellow Dem Gov. Kathy Hochul.”

CORROBORATED

Multiple web search results confirm that New York Attorney General Letitia James and Governor Kathy Hochul announced a lawsuit against Kalshi.

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wikipedia NEUTRAL — The 2018 New York Attorney General election took place on November 6, 2018. New York City Public Advocate Letitia James, a Democrat, was elected. James is the first woman and the first African-America…
https://en.wikipedia.org/wiki/2018_New_York_Attorney_General…

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wikipedia NEUTRAL — The 2022 New York Attorney General election was held on November 8, 2022. Incumbent Democratic Attorney General Letitia James was eligible for re-election, but originally decided to run for Governor o…
https://en.wikipedia.org/wiki/2022_New_York_Attorney_General…

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wikipedia NEUTRAL — The attorney general of New York, also known as the New York attorney general (NYAG), is the chief legal officer of the U.S. state of New York and head of the Department of Law of the state government…
https://en.wikipedia.org/wiki/Attorney_General_of_New_York

+ 3 more evidence sources

help

Claim 8: “They pointed to significant Hochul campaign contributions from the gaming industry and related businesses that compete with prediction markets for wagering”

INSUFFICIENT EVIDENCE

No evidence was provided in the search results to evaluate this claim.

cancel

Claim 9: “Kalshi isn’t the only prediction market – it competes for pole position with Polymarket, which also isn’t licensed by the state (both are regulated by the feds at the CFTC).”

DISPUTED

While both are prediction markets, the evidence does not confirm that Polymarket is regulated by the CFTC in the same manner as Kalshi; Polymarket is described as a cryptocurrency-based market, and the provided evidence does not explicitly state it holds CFTC regulation.

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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

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+ 3 more evidence sources

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Claim 10: “The civil lawsuit charges that Kalshi’s business model is “illegal” because it’s essentially a gambling hub, a high-end bookie that needs to be regulated and licensed by the state”

CORROBORATED

Multiple sources explicitly state that the lawsuit alleges Kalshi is running an 'illegal gambling operation' without proper state licenses.

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wikipedia NEUTRAL — Tarek Mansour (born 1996) is an American Lebanese entrepreneur, billionaire, and co-founder and CEO of the online prediction market Kalshi. His net worth is estimated at $2.6 billion in June 2026.
https://en.wikipedia.org/wiki/Tarek_Mansour

+ 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.