New York sues Polymarket over alleged illegal gambling
New York officials filed a lawsuit against Polymarket, alleging it runs an illegal and unlicensed gambling operation by letting users, including those under age 21, place bets on events. The state says Polymarket fails to pay taxes required of legal gambling businesses, which fund public programs, and seeks to shut the platform down, impose fines, and secure restitution for users. The lawsuit was filed in a New York County court.
- Lawsuit alleges unlicensed gambling via event contracts
- Officials say users under 21 can access the platform
- State seeks shutdown, fines, and user restitution
- Polymarket allegedly avoids required gambling taxes
- Commodity Futures Trading Commission opposes state actions
Sources covering this
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