New York sues prediction market Polymarket, calling it an unlicensed gambling operation

Comments

• Catoblepas@lemmy.blahaj.zone ⁨1⁩ ⁨month⁩ ago

  Yeah, it absolutely is. Hopefully they knock it out of the park.

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• ImgurRefugee114@reddthat.com ⁨1⁩ ⁨month⁩ ago

  It’s not gambling, we’re just placing bets on statistical outcomes from which the winners are awarded money

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  • TehPers@beehaw.org ⁨1⁩ ⁨month⁩ ago

    I’m not driving under the influence, I’m travelling under the influence.

    These people are just sovereign citizens with a lot more money.

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• Ertain@feddit.online ⁨1⁩ ⁨month⁩ ago

  Yes, that is a gambling operation.

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• dan@upvote.au ⁨1⁩ ⁨month⁩ ago

  I thought Polymarket was still illegal in the USA, but it turns out they launched a new, US-specific version by acquiring an existing licensed firm and focusing mostly on sports betting. Their main business is still illegal in the US.

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  • nous@programming.dev ⁨1⁩ ⁨month⁩ ago

    I don’t think legality means anything in the US anymore. At least not for the rich.

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    • dan@upvote.au ⁨1⁩ ⁨month⁩ ago

      They do still block US users from their main business. If you go to polymarket.com from a US IP, it says “Trading is blocked in the United States on polymarket.com”.

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