US judge allows New York to limit sports betting on prediction markets

A U.S. district judge ruled that New York may restrict sports gambling on prediction markets. The decision clarifies the state’s authority over betting platforms. The ruling came after a legal challenge by operators of prediction‑market services. The judge found that existing statutes give New York regulatory power. The outcome may require operators to adjust their offerings in the state. Legal experts say the case could set precedent for other jurisdictions. The ruling emphasizes the distinction between traditional sports betting and prediction markets. Stakeholders are watching for potential appeals or further regulatory guidance.