New York accuses Polymarket of running illegal gambling operation in new lawsuit

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Trending on The Hill - September 24, 2026

Trending on The Hill - September 24, 2026

New York sued Polymarket on Thursday, accusing the prediction market platform of running an illegal gambling operation.

It marks the latest lawsuit from the Empire State, which has levied similar allegations against Kalshi, Coinbase and Gemini in recent months.

“I will always stand up for New Yorkers when bad corporate actors prey on consumers and threaten tax dollars that fund schools and critical public services,” New York Gov. Kathy Hochul (D) said in a statement.

“By running an unlicensed gambling operation, Polymarket has done more than just knowingly violate state law, they have put New Yorkers at........

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