New York Sues Polymarket for Illegal Gambling, Seeks Triple Profits
On September 24, New York Attorney General Letitia James and Governor Kathy Hochul sued prediction-market platform Polymarket US, accusing it of running unlicensed illegal gambling statewide. The state seeks to shut its New York operations, compensate users, and impose fines worth triple the platform's profits.
The complaint says Polymarket's event contracts meet New York's legal definition of gambling and that it allowed users aged 18 to 20 to bet, below the state's 21-year minimum for sports betting. Polymarket says it is regulated by the federal CFTC and will fight the case.
Published by GSM · USA (original Chinese edition)
Photo: 图：纽约州最高法院上诉部第二分部大楼（布鲁克林）。摄影：ajay_suresh，CC BY 4.0，取自 Wikimedia Commons
