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New York City Council probing Kalshi, Polymarket and other prediction markets over marketing claims

The New York City Council said Wednesday that it is investigating four prediction markets over allegations that the companies engage in deceptive marketing. The probe will examine the advertising practices of Gemini Titan, Kalshi and Polymarket, all of which are based in New York, as well as Texas-based Coinbase. “Prediction markets aggressively entice consumers to…

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Nevada energy company sues data center in first-of-its-kind fight over who should pay for AI buildout

The largest energy provider in Nevada, NV Energy, is suing data center developer Tract Capital Management, accusing the company of trying to pass costs onto consumers.  At issue is who pays to expand energy infrastructure when a data center needs as much electricity as a midsize city.  Tract’s two planned campuses near Reno would together…

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