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New York sues Polymarket domestic branch in prediction market crackdown, Engadget reports
- New York sues Polymarket domestic branch in prediction market crackdown, Engadget reports — Engadget reports New York Attorney General Letitia James and Governor Kathy Hochul announced a lawsuit against the domestic branch of Polymarket, seeking a court order stopping it from operating as an unlicensed gambling business in the state. New York now has illegal gambling cases against four such businesses, while the CFTC has counter-sued some states arguing it should be the sole regulator for prediction markets. (Engadget)
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