Polymarket faces a lawsuit in New York with claims it’s operating an illegal gambling platform

The state wants a judge to block the company from operating in the state.

FILE – A laptop screen displays trades on the Kalshi website, April 16, 2026, in Portland, Ore. [Photo: Jenny Kane, File/AP Photo]

New York sued the prediction market Polymarket on Thursday, arguing the platform is an unlicensed gambling operation and calling for a judge to block the company from operating in the state.The lawsuit is the latest legal challenge from a state moving to rein in popular and now-ubiquitous betting........

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