New York Takes Aim at Unregulated Prediction Markets: A Crackdown on Kalshi, Polymarket, and Coinbase In a move that's set to send shockwaves through the cryptocurrency and prediction market industries, New York regulators are targeting several prominent players, including Kalshi, Polymarket, and Coinbase. The state's Department of Financial Services (DFS) has launched an investigation into the companies, which offer prediction markets that allow users to wager on a wide range of outcomes, from the outcome of sports games to the performance of stocks and cryptocurrencies. The DFS is reportedly scrutinizing whether these platforms are operating within the bounds of New York state law, which requires companies offering prediction markets to obtain a license. The investigation raises questions about the future of these platforms and the regulatory environment surrounding prediction markets.
New York Targets Kalshi, Polymarket and Coinbase in Sweeping Prediction Market Mark Bitcoin Foundation
