New York sues Polymarket, seeks triple gains and $100,000 penalties over prediction markets

New York has sued Polymarket, alleging its US prediction market is an unlicensed gambling business operating across the state. Attorney General Letitia James requested a New York court to halt QCX LLC's (operating as Polymarket US) operations and seek restitution and disgorgement, with potential triple gains and $100,000 penalties.

Sources

• CryptoSlate — New York sues Polymarket, seeks triple gains and $100,000 penalties over prediction markets

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