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New York Sues Polymarket As Prediction Market Crackdown Expands Two Months After Kalshi Case

New York Governor Kathy Hochul said the state considers access particularly concerning for younger users.

Coverage (1)· Sep 24, 9:10 PM

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International Business Times· Sep 24, 9:10 PMNew York Sues Polymarket As Prediction Market Crackdown Expands Two Months After Kalshi Case

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New York sues Polymarket over unlicensed gambling operation just as it did rival KalshiThe lawsuit, filed in the New York Supreme Court in Manhattan by Attorney General Letitia James and Governor Kathy Hochul under Executive Law 63(12), noted that Polymarket's...

TechSpot9d agoWhole story →

Economy Kathy Hochul new york vs polymarket lawsuit

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New York sues Polymarket over unlicensed gambling operation just as it did rival KalshiThe lawsuit, filed in the New York Supreme Court in Manhattan by Attorney General Letitia James and Governor Kathy Hochul under Executive Law 63(12), noted that Polymarket's...

TechSpot9d agoWhole story →

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Mark Warner presses Polymarket, Kalshi on election disinformation effortsMark Warner and Alex Padilla are pushing for answers from the people who run the Polymarket and Kalshi prediction market platforms.

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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.

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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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Prediction markets say Democrats are slightly favored to win SenateTraders on both Kalshi and Polymarket see Democrats with one of their best chances to flip the U.S. Senate since the contracts on the election opened.

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Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulationsA Sixth Circuit Court of Appeals panel ruled that prediction markets' sports-related events contracts are not swaps, and therefore aren't subject to federal regulatory oversight.

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Lawmakers Cry Foul as Polymarket Allows Bets on U.S. Bank Failures: JPM, BAC, CLawmakers in Washington, D.C. are crying foul after Polymarket announced that it will allow some users of its prediction market platform to bet ...

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Kathy Hochul leads Blakeman by 9 points in new New York governor pollNassau County executive Bruce Blakeman trails Gov. Kathy Hochul by single digits in a new poll ahead of the New York governor election, closing the gap to 9 points.

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