UnverifiedBruce Blakeman, Albany remarks, Aug. 5, 2026 · Aug 6, 2026
“Blakeman: a Kalshi settlement "would have put $10 billion more into our state" over five years”
Our Verdict — Why
The $10B figure traces to Wall Street Journal reporting on a settlement Kalshi proposed — a 6% tax on prediction-market trades. The revenue projection comes from the proposal itself, not from any independent state scoring (DOB and the comptroller have published no estimate), and it assumes trading volumes that have not been independently verified. Hochul's office disputes the framing, saying Kalshi violated state law and deprived the state of revenue dedicated to education. Logged as unverified: a company-side projection of a deal that was never struck, with no independent methodology public.
Evidence — 1 Source