New York accuses Polymarket of running illegal gambling operation in new lawsuit

New York sues Polymarket over allegations of illegal gambling operations

The lawsuit comes two months after the state filed a similar lawsuit against competitor Kalshi.

Sep 24, 2026

New York accuses Polymarket of running illegal gambling operation in new lawsuit

New York sued Polymarket on Thursday, accusing the prediction market platform of running an illegal gambling operation. It marks the latest lawsuit from the Empire State, which has levied similar allegations against Kalshi, Coinbase and Gemini in recent months. “I will always stand up for New Yorkers when bad corporate actors prey on consumers and…

Sep 24, 2026

New York sues prediction market Polymarket, alleging illegal gambling

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 […]

Sep 24, 2026

New York sues Polymarket, accuses company of running illegal gambling operation

New York on Thursday sued Polymarket, accusing the company of running an illegal gambling operation that skirts around industry regulations in the latest challenge against prediction markets.

Sep 24, 2026