New York Sues Polymarket Over Alleged Illegal Gambling

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AI Summary

New York State has filed a lawsuit against Polymarket, accusing it of operating an illegal gambling platform. This legal action is part of the state's broader effort to regulate and restrict prediction markets following similar suits against competitors like Kalshi.

New York has sued Polymarket for allegedly running an illegal gambling operation, expanding the state’s fight against prediction markets after earlier suing rival startup Kalshi and others. New York Attorney General Letitia James announced the action against Polymarket on Thursday. The state has ...

Security Politics Markets New York Polymarket illegal gambling prediction markets legal action Kalshi

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