PolicyArs Technicaabout 3 hours ago
New York Sues Polymarket Over Illegal Gambling
1 min read
New York Attorney General Letitia James and Governor Kathy Hochul sued Polymarket on Thursday, alleging it runs an unlicensed gambling operation that lets under-21s bet. The state seeks to halt operations and obtain restitution. Polymarket vows to fight. The CFTC has asked the Supreme Court to let prediction markets operate nationally, while courts remain split on regulatory authority.
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