CroSat
blockchainSep 24, 2026AI summary

New York Seeks to Shut Polymarket’s US Exchange in Gambling Case

New York Attorney General Letitia James filed a petition alleging Polymarket’s U.S. exchange operates an unlicensed gambling business.

New York Seeks to Shut Polymarket’s US Exchange in Gambling Case

New York has taken legal action against Polymarket’s U.S. exchange, seeking its closure over allegations that it operates as an unlicensed gambling business, The Defiant reported.

Attorney General Letitia James filed the verified petition on Sept. 24 in the New York State Supreme Court in New York County. The filing names QCX LLC as a respondent.

The state is also asking the court to order the business to surrender its profits. The supplied report excerpt does not include a court ruling or a response from the company.

Source: The Defiant

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