CoinScoopNew York sues Polymarket over illegal gambling allegations
New York has filed a lawsuit against prediction market platform Polymarket, accusing it of operating an illegal gambling business. The move follows similar actions against Kalshi, Coinbase, and Gemini, with both regulators and platforms urging the U.S. Supreme Court to resolve the legal ambiguity surrounding prediction markets.
Summaries are written by AI from the original article. Not investment advice.