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New York claims Coinbase, Gemini prediction markets violate gambling laws

New York claims Coinbase, Gemini prediction markets violate gambling laws

New York Attorney General Letitia James sued Coinbase and Gemini, accusing them of violating gambling laws with their prediction markets. The platforms are alleged to fall under the state's gambling definition, raising concerns over tax obligations and legal compliance. The case highlights ongoing regulatory scrutiny of crypto prediction markets in New York.

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