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New York Wants to Ban Polymarket, Lawsuit Calls It 'Illegal Gambling Operation'

Attorney General Letitia James and Governor Kathy Hochul allege the prediction market operates without a license and exposes New Yorkers to gambling harms.

Coverage (1)· Sep 24, 5:51 PM

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Decrypt· Sep 24, 5:51 PMNew York Wants to Ban Polymarket, Lawsuit Calls It 'Illegal Gambling Operation'

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New York Sues Polymarket Claiming Prediction Markets Are Just Illegal BetsWhat This Fight Is Really About New York says Polymarket runs unlicensed gambling that lets 18-year-olds stake money on sports. Polymarket fires back that federal CFTC rules alone control its event contracts. The same baseball outcome draws different age limits and protections depending only on the app’s button label. By Samuel López | USA Herald New…

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