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

⁨27⁩ ⁨likes⁩

Submitted ⁨⁨57⁩ ⁨minutes⁩ ago⁩ by ⁨remington@beehaw.org⁩ to ⁨technology@beehaw.org⁩

https://apnews.com/article/polymarket-new-york-lawsuit-gambling-b75b753e3c3cd069cdf8d6af175c9fbb

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  • Catoblepas@lemmy.blahaj.zone ⁨49⁩ ⁨minutes⁩ ago

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

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  • dan@upvote.au ⁨26⁩ ⁨minutes⁩ 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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