Illegal Gambling
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OpenAI is reportedly under criminal investigation regarding ChatGPT's involvement in a shooting incident. Separately, the New York Attorney General has filed a lawsuit against two prediction markets for alleged illegal gambling activities.
New York Attorney General sues two prediction markets on illegal gambling allegations
New York Attorney General Letitia James has sued Coinbase Financial Markets and Gemini Titan, alleging they are operating unlicensed gambling operations and violating state laws by allowing bets on games involving New York college sports teams. This action follows similar moves by other states, though the US Commodity Futures Trading Commission has asserted federal authority over prediction markets.
Arizona attorney general sues Kalshi on illegal gambling charges
Arizona's Attorney General Kris Mayes has sued Kalshi, alleging the company operates an illegal gambling business by allowing bets on elections. Kalshi, which defines itself as a prediction market platform operating under the Commodity Futures Trading Commission, faces similar charges in Nevada and has been in the news due to an insider trading accusation involving an employee of YouTuber MrBeast.