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New York Sues Polymarket, Alleging Illegal Gambling Operation

Crypto Daily·September 25, 2026·1 min read
New York Sues Polymarket, Alleging Illegal Gambling Operation

New York sued Polymarket US, alleging it took unlicensed wagers and seeking a permanent bar, restitution and penalties of $100,000 per offer. The lawsuit targets the prediction market platform's operations in the state, claiming violations of securities laws. Polymarket has not yet commented on the legal action.

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