New York Department of Financial Services
1 storyActing as a New York financial regulator, New York Department of Financial Services oversees BitLicense administration. For New York Department of Financial Services, additional responsibilities involve bank resolution planning, market conduct coordination, bank capital requirements, and operational resilience oversight. Reporting on bank resolution planning should identify the legal instrument used by New York Department of Financial Services, while work on operational resilience oversight may involve consultation, supervision, or implementation. For New York Department of Financial Services, proposals on market conduct coordination stay with lawmakers. Implementation of bank resolution planning belongs here only when carried out by New York Department of Financial Services.
CFTC Order Keeps Kalshi Running as $36B Lawsuit Escalates
A federal order allows Kalshi to keep operating after New York's lawsuit threatened to halt its event contracts nationwide, raising urgent questions about the boundaries between state gambling laws and federal derivatives regulation