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New York Sues Polymarket US as ‘Illegal Gambling Business’

Bloomberg Markets·September 24, 2026·1 min read

New York sued Polymarket US for allegedly running an illegal gambling business, escalating the legal fight against prediction markets in the state. The lawsuit targets the platform's operations, which allow users to bet on real-world events. This action could set a precedent for how other states regulate online prediction platforms.

Read at Bloomberg Markets
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