New York sues prediction market Polymarket, calling it an unlicensed gambling operation — Live Feedhttps://www.live-feeds.com/feed/new-york-sues-prediction-market-polymarket-calling-it-an-unlicensed-gambling-operationContinuously updated, source-cited coverage. New York sues Polymarket, calls it unlicensed gambling operationhttps://www.live-feeds.com/feed/new-york-sues-prediction-market-polymarket-calling-it-an-unlicensed-gambling-operationhttps://www.live-feeds.com/feed/new-york-sues-prediction-market-polymarket-calling-it-an-unlicensed-gambling-operation#u89696Tue, 29 Sep 2026 22:26:59 +0000New York has sued prediction market Polymarket, alleging it operates as an unlicensed gambling operation. The lawsuit, filed by Attorney General Letitia James and Governor Kathy Hochul, seeks to block Polymarket's activities in the state. Polymarket allows users to bet on the outcome of various events, raising concerns about investor protection and regulatory oversight.Why it mattersThis lawsuit is part of a broader crackdown on prediction markets in the US. Similar concerns have been raised about other platforms, including Kalshi. The Commodity Futures Trading Commission regulates predic