https://www.live-feeds.com/feed/polymarket-countersues-new-york-state-over-unregulated-gambling-allegationContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/polymarket-countersues-new-york-state-over-unregulated-gambling-allegationhttps://www.live-feeds.com/feed/polymarket-countersues-new-york-state-over-unregulated-gambling-allegation#u86586Sun, 27 Sep 2026 18:57:26 +0000Polymarket has countersued New York state's attorney general, challenging the state's allegations that it operates an unlicensed gambling operation. The company faces a lawsuit from Letitia James, who claims Polymarket violates state gambling laws. Polymarket's countersuit aims to block regulation of its prediction market.Why it mattersThis case is part of a broader crackdown by New York on prediction markets, which the state considers a form of illegal gambling. The suit against Polymarket follows a similar lawsuit filed against Kalshi. The outcome will have implications for th