U.S. District Judge Analisa Torres

A New York federal judge denied Kalshi's request to block state regulators from enforcing gambling laws against prediction markets, ruling that federal law does not preempt state regulation. The judge cited a provision in the Commodity Exchange Act and New York's historical interest in regulating gambling. Governor Kathy Hochul and Attorney General Letitia James celebrated the decision as a consumer protection victory.

A self-exiled Chinese billionaire, Guo Wengui, was sentenced to 30 years in a U.S. prison for financial fraud. He fled China a decade ago and positioned himself as a critic of the Chinese Communist Party, but U.S. authorities found him responsible for defrauding investors, causing significant financial and emotional harm.

Self-exiled Chinese billionaire Guo Wengui was sentenced to 30 years in a U.S. prison for financial fraud after defrauding investors. He claimed his goal was to 'destroy the CCP' and protested his treatment in jail during the sentencing. The judge highlighted victim testimonials about financial and emotional harm caused by his schemes.