New York Targets Polymarket in Lawsuit Over Alleged Unlicensed Gambling
New York officials allege Polymarket runs an unlicensed gambling business and are seeking to bar the prediction market from the state.
New York is seeking to ban prediction market Polymarket, with a lawsuit alleging that its business constitutes illegal gambling.
Attorney General Letitia James and Governor Kathy Hochul say the platform lacks the license required to operate in the state.
The officials also allege that Polymarket exposes New York residents to gambling-related harms. The claims form the basis of the state's challenge to the platform.
Source: Decrypt
