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September 24, 2026
New York Sues Polymarket for Operating an Illegal Gambling Business
- New York alleges Polymarket operates as an illegal gambling platform without a state license.
- The lawsuit requests financial penalties and restitution for consumers affected by the platform.
- Polymarket argues that its operations are federally regulated and distinct from traditional gambling.
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3 Sources
- New York Sues Polymarket in Escalating Crackdown on Prediction MarketsSep 24, 2026 at 3:10 PM · WSJ
- New York accuses Polymarket of running illegal gambling operation in new lawsuitSep 24, 2026 at 5:02 PM · The Hill
- New York files lawsuit against Polymarket, calling it an illegal gambling operationSep 24, 2026 at 8:28 PM · Independent