New York sues Polymarket, saying its prediction markets are illegal gambling
New York Attorney General Letitia James has sued Polymarket, alleging the prediction platform operates as an illegal gambling site. The lawsuit seeks to halt the company's operations, which allow users to wager on elections and sports without a license.
New York Attorney General Letitia James sued prediction-market company Polymarket on Thursday, accusing it of running an illegal gambling operation that allows New Yorkers, including people as young as 18, to wager on sports, elections and other events without a state gambling license. The lawsuit, announced alongside Gov. Kathy Hochul, seeks to stop Polymarket from...
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