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NYC Council is investigating Polymarket, Kalshi, and rivals over deceptive marketing

Council Speaker Julie Menin sent letters to four prediction market platforms, seeking answers about practices that may target minors

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New York City Council Speaker Julie Menin announced an investigation on Wednesday into the marketing and advertising practices of four prediction market platforms operating in New York City: Polymarket, Kalshi, Coinbase, and Gemini Titan.

The letters contained more than 60 questions on topics ranging from New York revenue figures and local user counts to the mechanics of each company's marketing operations, according to the Wall Street Journal. The companies have 14 days to respond.

The investigation centers on allegations of false,........

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