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Letitia James

All articles tagged with #letitia james

Circuit Court blocks DOJ subpoenas over improper appointment of lead prosecutor
politics4 days ago

Circuit Court blocks DOJ subpoenas over improper appointment of lead prosecutor

An appeals court blocked the Justice Department from enforcing subpoenas seeking information from Letitia James’s office after ruling that the lead prosecutor in the probe had been unlawfully appointed, upholding a lower court’s decision and signaling ongoing scrutiny of temporary U.S. Attorney appointments; the DOJ said it will seek Supreme Court review.

Court bars Trump-chosen U.S. attorney in Albany from Letitia James probe
politics4 days ago

Court bars Trump-chosen U.S. attorney in Albany from Letitia James probe

A divided Second Circuit Court of Appeals ruled that John Sarcone, the Trump-picked acting U.S. attorney for the Northern District of New York, is serving unlawfully and cannot participate in the investigation into New York Attorney General Letitia James, marking another setback to the administration’s method of appointing U.S. attorneys without Senate confirmation. The DOJ plans to appeal to the Supreme Court, and the impact varies depending on whether other assistants led the underlying cases after Sarcone’s appointment and whether the vacancies act time limits were exceeded.

Trump backs GOP challenger in NY attorney general race
politics10 days ago

Trump backs GOP challenger in NY attorney general race

Former President Donald Trump publicly endorses GOP challenger Saritha Komatireddy to unseat New York Attorney General Letitia James, accusing James of corruption and tying the endorsement to his ongoing feud over mortgage fraud allegations; Komatireddy highlights credentials as a DEA aide, former federal prosecutor, and Brett Kavanaugh clerk as she campaigns on crime and public safety.

New York Regulators Target Kalshi, Sparking Debate Over Prediction Markets and Polymarket
business18 days ago

New York Regulators Target Kalshi, Sparking Debate Over Prediction Markets and Polymarket

New York Attorney General Letitia James and Governor Kathy Hochul sued Kalshi, alleging its event-based futures are illegal gambling that require state licensing, and seeking licensing plus billions in alleged ill-gotten gains. Kalshi counters it is a federally regulated commodities exchange, not a gambling operator, and questions why Polymarket isn’t named while noting broader federal-state tensions over prediction markets and related platforms like Coinbase and Gemini.

New York Sues Kalshi Over Sports Prediction Markets, Seeks $36 Billion
business23 days ago

New York Sues Kalshi Over Sports Prediction Markets, Seeks $36 Billion

New York Attorney General Letitia James filed a $36 billion lawsuit against Kalshi, alleging the platform runs an illegal gambling operation by offering sports-related prediction markets. The state seeks an injunction to stop unlicensed wagering, plus at least $36 billion in penalties and $100,000 per unlicensed instance. The case hinges on whether sports prediction markets count as gambling under federal law and whether federal authority overrules state decisions on gambling, a debate with implications for the future of prediction markets and sports betting as the Supreme Court weighs its stance.

New York targets Kalshi, seeks $36B penalty to halt prediction market
politics24 days ago

New York targets Kalshi, seeks $36B penalty to halt prediction market

New York Attorney General Letitia James filed a 32-page lawsuit in Manhattan state court seeking to shut down Kalshi’s prediction-market operations and impose up to $36 billion in penalties, arguing the platform illegally operates as unregulated gambling and violates state age requirements. Kalshi denies wrongdoing, says it should be federally regulated by the CFTC, and the suit follows federal court losses and ongoing state challenges that could reshape regulation of prediction markets and potentially affect executives’ liability.

New York targets Kalshi in suit over alleged illegal gambling operation
tech25 days ago

New York targets Kalshi in suit over alleged illegal gambling operation

New York Attorney General Letitia James has sued Kalshi, alleging the New York–based prediction market operates illegally by accepting wagers without a license from the state gaming commission. An OAG investigation says Kalshi could expose New Yorkers to personal and financial risks, including bettors under 21, and seeks to block Kalshi’s activities in the state and restitution for customers. New York joins several other states in challenging Kalshi, while the federal CFTC maintains it has exclusive jurisdiction over prediction markets; Kalshi contends the action is politically motivated and could push betting offshore. The case adds to ongoing concerns about insider trading in prediction markets.

New York targets Kalshi, arguing its prediction market is illegal gambling
politics25 days ago

New York targets Kalshi, arguing its prediction market is illegal gambling

New York Attorney General Letitia James filed a state-court suit against Kalshi, alleging the online prediction market operates as illegal gambling because Kalshi did not obtain a NY gambling license or pay taxes. The state seeks an injunction, fines, restitution, and the forfeiture of profits. Kalshi countered that the case is politically motivated and noted federal regulation via the CFTC. The dispute highlights a broader clash between state gambling laws and federal oversight of prediction markets, with related actions in Rhode Island and ongoing court battles over jurisdiction between NY and the CFTC.

New York Targets Kalshi's Prediction Market as Illegal Gambling
business25 days ago

New York Targets Kalshi's Prediction Market as Illegal Gambling

New York state filed a Manhattan lawsuit against Kalshi, alleging the prediction-market platform operates as an illegal gambling operation by not registering with the New York State Gaming Commission. The suit seeks a permanent injunction, restitution to users, and penalties, while Kalshi maintains it is a federally licensed exchange and argues states can’t shutter it. The case underscores ongoing tensions between state gambling laws and federal regulation of prediction markets, with CFTC involvement and broader debate over whether event contracts are swaps.

New York City Mayor Defends Block of Paramount-WBD Deal as Public-Serving?
business1 month ago

New York City Mayor Defends Block of Paramount-WBD Deal as Public-Serving?

New York City Mayor Zohran Mamdani voiced support for Letitia James and 11 other state attorneys general suing to block the Paramount-Warner Bros. Discovery merger, calling the $110 billion deal “not a merger that serves the public” and warning it would concentrate control over movies and cable, raise prices, and threaten the livelihoods of New York artists and theaters; Paramount contends the suit would delay entertainment workers’ projects and harm the industry.

Progressive surge reshapes New York’s Democratic primary landscape
politics2 months ago

Progressive surge reshapes New York’s Democratic primary landscape

New York’s primaries featured a socialist-backed wave led by Mayor Zohran Mamdani, with multiple candidates endorsed by him winning and incumbents losing, as affluent, college-educated voters leaned toward DSA-aligned contenders while working-class areas backed establishment picks. Letitia James voiced criticism of Mamdani and urged a path to unity to avoid fracturing the party, signaling internal Democratic tensions as the movement gains traction.