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New York Attorney General Letitia James has sued Polymarket, alleging the company is operating an illegal gambling operation and offering unlicensed betting markets. This lawsuit follows a similar case against another prediction market, Kalshi, and raises questions about the classification of event contracts under state and federal law.
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New York Attorney General Letitia James has sued Polymarket, alleging the company is operating an illegal gambling operation and offering unlicensed betting markets. This lawsuit follows a similar case against another prediction market, Kalshi, and raises questions about the classification of event contracts under state and federal law.
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New York sues prediction market Polymarket, alleging illegal gambling
New York Attorney General sues Polymarket for alleged illegal gambling operations