Gizmodo
‘Illegal, Unlicensed Gambling Operation’: New York Sues Polymarket
The suit comes two months after New York sued Kalshi.
Via Gizmodo
·Excerpt
New York Attorney General Letitia James and Governor Kathy Hochul announced Thursday that the state was filing a lawsuit against Polymarket for running what the state calls an illegal, unlicensed gambling operation. The state also alleges that Polymarket allows people under the age of 21 to gamble, something expressly forbidden under New York law.
Gov. Hochul released a statement Thursday alleging that Polymarket was a “bad corporate actor” that’s preying on consumers and not paying tax dollars that fund schools…
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