New York Sues Polymarket, Accusing Prediction Market of Illegal Gambling
Key Highlights New York Attorney General Letitia James and Governor Kathy Hochul filed a lawsuit Thursday accusing Polymarket of operating an unlicensed gambling business in violation of state law. The complaint alleges Polymarket avoided licensing requirements and taxes that fund public schools, youth sports, and problem gambling treatment, while allowing users aged 18 to 20 ...