New York sues Polymarket over alleged illegal gambling business34m, New York sues Polymarket over alleged illegal gambling business, New York sues Polymarket over alleged illegal gambling businessThe action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation.
- Posted on September 24, 2026
- By Cointelegraph
- 1 Views
- 1 min read
New York state authorities have initiated legal proceedings against Polymarket, a blockchain-based prediction market platform, alleging it operates as an unlicensed gambling service. This enforcement action represents the state's intensified regulatory scrutiny of prediction market platforms. The lawsuit follows a previous case filed against competitor Kalshi in July, indicating a broader crackdown on cryptocurrency-derived betting platforms that operate without proper licensing and regulatory compliance within New York's jurisdiction.
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New York sues Polymarket over alleged illegal gambling business34m, New York sues Polymarket over alleged illegal gambling business, New York sues Polymarket over alleged illegal gambling businessThe action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation.
New York sues Polymarket over alleged illegal gambling business34m, New York sues Polymarket over alleged illegal gambling business, New York sues Polymarket over alleged illegal gambling businessThe action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation. continue reading...
