New York’s financial regulators have filed charges against Polymarket, alleging the prediction market platform operates as an unlicensed gambling site despite positioning itself as a trading platform. The state claims the company facilitates wagers on real-world events, including politics and sports, without proper oversight or licensing. Authorities argue this violates gambling laws, raising concerns over consumer protection and regulatory compliance. The case could set a precedent for how digital prediction markets are classified and governed.
New York accuses Polymarket of running 'unlicensed gambling' Audacy
