New York sues Polymarket over alleged illegal gambling operation
publishers 6articles 6first reported 24 Sep, 16:03 UTCdeveloping since 24 Sep · 6 editions
New York sued prediction-market platform Polymarket on Thursday, alleging that the company is operating an unlicensed gambling business in violation of state law.
Attorney General Letitia James is asking a court to shut down the operation, according to Ars Technica. CNBC reported that James claims Polymarket has violated New York’s gambling laws.
The lawsuit follows similar actions by the state involving other prediction-market and cryptocurrency companies. The Hill reported that New York has brought comparable allegations against Kalshi, Coinbase and Gemini in recent months, while CNBC noted that the Polymarket case was filed two months after the state sued Kalshi.
HOW THIS STORY WAS MADE
Written from 6 articles, 2 with the publisher's own text; 6 independent newsrooms once syndicated copies count as one; the editor revised it.
- Publishers
- 6
- Source articles
- 6
- Given to the writer
- 6, 2 with the article's own text
- Independent newsrooms
- 6
- Second model (editor)
- revised
- Publication gate
- passed
- Human review
- none
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →