All posts tagged: Letitia James

Prediction markets regulation by CFTC eyed by White House

Prediction markets regulation by CFTC eyed by White House

Published by Sam Flores

A proposal for the Commodity Futures Trading Commission to regulate prediction markets such as Kalshi and Polymarket is under review by the White House, a filing from Tuesday shows. Details of the proposal, which are being reviewed by the Office of Management and Budget, are not visible on the filing. CNBC has requested comment from the CFTC on the filing, which Bloomberg reported earlier Wednesday. A spokeswoman for Kalshi had no comment on the filing. Polymarket did not immediately respond to a request for comment. CFTC Chairman Michael Selig on Jan. 29 said the agency planned to write rules for governing prediction markets as he scrapped a proposed rule that would have prohibited trades on sports and politics on those platforms. The Commodity Futures Trading Commission headquarters in Washington, Dec. 23, 2022. Ting Shen | Bloomberg | Getty Images The agency has argued in public statements and in courts that it has exclusive authority to regulate the growing prediction market sector, rather than individual states, some of which are seeking to exercise such authority. Tuesday’s …

James Comey indicted over ‘8647’ post Trump called a threat

James Comey indicted over ‘8647’ post Trump called a threat

Published by Sam Flores

FILE PHOTO: FBI Director James Comey testifies before the House Intelligence Committee hearing into alleged Russian meddling in the 2016 U.S. election, on Capitol Hill in Washington, U.S., March 20, 2017. Joshua Roberts | Reuters Former FBI Director James Comey has been indicted on charges alleging he threatened President Donald Trump when he posted an image of seashells spelling out “8647” on his Instagram account last year, a source familiar with the matter told MS NOW. The charges, which have yet to be made public, mark the second time that Comey has been indicted in a federal case since Trump’s second presidential term began. The indictment was revealed three days after Trump was evacuated from the White House Correspondents’ Dinner after an alleged assassin ran toward the ballroom where the event was being held. The Trump administration and its allies have accused Democrats of inciting the attack by spreading incendiary rhetoric about Trump. The Department of Justice did not immediately respond to CNBC’s requests for comment on the reported charges. The White House referred CNBC …

Trump fires Pam Bondi after Epstein files fallout

Trump fires Pam Bondi after Epstein files fallout

Published by Sam Flores

Attorney General Pam Bondi speaks as she participates alongside President Donald Trump in a roundtable discussion with the Fraternal Order of Police at the White House in Washington, June 5, 2025. Kent Nishimura | Reuters Trump is reportedly considering Lee Zeldin, the administrator of the Environmental Protection Agency, as a permanent replacement for Bondi. “Pam Bondi is a Great American Patriot and a loyal friend, who faithfully served as my Attorney General over the past year,” Trump wrote on Truth Social. “Pam did a tremendous job overseeing a massive crackdown in Crime across our Country, with Murders plummeting to their lowest level since 1900,” the president wrote. “We love Pam, and she will be transitioning to a much needed and important new job in the private sector, to be announced at a date in the near future,” Trump said. Bondi, in a statement on X, said, “Over the next month I will be working tirelessly to transition the office of Attorney General to the amazing Todd Blanche before moving to an important private sector role …

Trump releases overdue funds for NY-NJ Gateway tunnel: Hochul

Trump releases overdue funds for NY-NJ Gateway tunnel: Hochul

Published by Sam Flores

The Gateway Tunnel site near W. 30th St. and 11th Ave. in Hudson Yards, Manhattan on Oct. 23, 2025. Barry Williams | New York Daily News | Getty Images The Trump administration on Wednesday released the rest of the funds it had been withholding for the construction of a major rail tunnel between Manhattan and New Jersey, New York Gov. Kathy Hochul said Wednesday. The federal government freed up the remaining $98 million due for the Gateway project that is increasing passenger rail capacity into Manhattan, as well as an additional $30 million in reimbursements for work that had been completed in January, Hochul said in a statement. The frozen funds were released in tranches over nearly two weeks after a federal judge blocked the Trump administration from withholding the money for the project that began construction in 2023. In compliance with that Feb. 6 order, the administration released $30 million on Feb. 13, followed by an additional $77 million earlier this week. The funding suspension, initiated on the eve of the Oct. 1 government …

Judge disqualifies federal prosecutor in investigation into Letitia James

Judge disqualifies federal prosecutor in investigation into Letitia James

Published by Sam Flores

U.S. Attorney for the Northern District of New York John A. Sarcone III joins Federal Bureau of Investigation Special Agent in Charge Craig Tremaroli for a news conference to announce the arrest of an accused online sexual predator on Monday, April 28, 2025, in the U.S. Attorney’s Office at the James T. Foley Federal Courthouse in Albany, N.Y. Will Waldron | Hearst Newspapers | Getty Images A judge disqualified a federal prosecutor from overseeing investigations into New York Attorney General Letitia James, ruling Thursday that he had been serving in his post unlawfully when he requested subpoenas. U.S. District Judge Lorna G. Schofield blocked subpoenas requested by John Sarcone, the acting U.S. attorney for the Northern District of New York. The judge said the Department of Justice did not follow statutory procedure after judges declined to extend Sarcone’s tenure. “When the Executive branch of government skirts restraints put in place by Congress and then uses that power to subject political adversaries to criminal investigations, it acts without lawful authority. Subpoenas issued under that authority are …