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New York sues prediction market Polymarket, calling it an unlicensed gambling operation
Associated Press1d agoneutral
New York sues prediction market Polymarket, calling it an unlicensed gambling operation

New York sued the prediction market Polymarket on Thursday, arguing the platform is an unlicensed gambling operation and calling for a judge to block the company from operating in the state. Prediction market platforms have argued states do not have the authority to govern them because they are regulated at the federal level by the U.S. Commodity Futures Trading Commission. New York officials filed Thursday's lawsuit against Polymarket in state court and want the company to face fines and be forced to pay restitution to users because the platform did not get a gaming license from the state.

Chevron Eyes Egyptian Export Route for Cyprus Gas
Oilprice.com1d agoneutral
Chevron Eyes Egyptian Export Route for Cyprus Gas

Chevron and Egypt are seeking to accelerate agreements needed to connect Cyprus’ Aphrodite gas field to Egyptian infrastructure, as Cairo looks to strengthen its role as an Eastern Mediterranean gas hub.