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New York Sues Prediction Market Kalshi Over State Gambling Violations
New York, Monday, 3 August 2026.
New York Attorney General Letitia James filed a lawsuit against Kalshi, alleging the platform operates an illegal gambling business. The case highlights a growing battle over state versus federal regulatory authority.
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Alibaba Shares Surge Following Launch of Powerful New Artificial Intelligence Model
Hangzhou, Monday, 3 August 2026.
Alibaba stock jumped over seven percent on August 3, 2026, after releasing its largest artificial intelligence model yet, intensifying price competition with global rivals.