New York Attorney General Letitia James sued prediction market company Polymarket, alleging the company is operating an illegal gambling operation in the state and offering unlicensed betting markets to New Yorkers. The lawsuit marks the latest legal challenge facing prediction market companies as states and federal regulators clash over whether event contracts constitute gambling subject […]
New York Attorney General Letitia James sued prediction market company Polymarket, alleging the company is operating an illegal gambling operation in the state and offering unlicensed betting markets to New Yorkers.
The lawsuit marks the latest legal challenge facing prediction market companies as states and federal regulators clash over whether event contracts constitute gambling subject to state laws or financial products regulated by the federal government.
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