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New York City Council investigates Polymarket and Kalshi over predatory marketing, BankBit reports
- New York City Council investigates Polymarket and Kalshi over predatory marketing, BankBit reports — New York City Council Speaker Julie Menin notified Polymarket, Kalshi, Coinbase and Gemini Titan of an investigation into deceptive and predatory marketing practices, citing reports of undisclosed influencer promotion, fake trades and encouragement of insider trading. Polymarket said it looks forward to engaging with the Council on the matter. (BankBit)
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