New York Attorney General Letitia James and Governor Kathy Hochul filed suit against Polymarket, alleging the prediction-market platform operates without a required gambling license and fails to pay state taxes. The suit, filed in Manhattan under Executive Law 63(12), also claims Polymarket markets its products to users aged 18 to 20, below the state's 21-year minimum for mobile sports betting. It follows a similar lawsuit against rival platform Kalshi filed roughly two months earlier.
techspot.com
· 2026-09-26
New York's attorney general and governor announced a lawsuit against Polymarket, accusing it of running an unlicensed gambling operation disguised as a prediction market. The state claims Polymarket allows users as young as 18 to bet, violating New York's rule requiring bettors to be at least 21, and is avoiding taxes that licensed gambling operators must pay. The state is asking a court to shut down Polymarket's operations within New York.
arstechnica.com
· 2026-09-24
New York Attorney General Letitia James and Governor Kathy Hochul filed a lawsuit against Polymarket's domestic arm, alleging it operates as an unlicensed gambling business and permits underage betting. The suit follows similar actions James has brought against Kalshi, Coinbase Financial Markets and Gemini Titan.
engadget.com
· 2026-09-24
Prediction-market platform Kalshi ran an ad built from tech YouTuber Elliott Choy's apartment-move video, using AI to alter the host's appearance so he appeared white instead of Asian-American. Kalshi told NPR's Bobby Allyn the ad was old, that it no longer uses AI-generated ads, and that it is reviewing its relationship with the agency that produced it.
futurism.com
· 2026-09-24
New York attorney general Letitia James filed a lawsuit against prediction market Polymarket, alleging it is operating an unlicensed gambling business in violation of state law. The suit seeks a court order barring Polymarket from operating in New York, along with fines and forfeiture of profits, and follows a similar suit against rival Kalshi filed roughly a month earlier. Polymarket's chief legal counsel Neal Kumar disputed the claims, saying the company tried to engage directly with the state before the suit was filed.
futurism.com
· 2026-09-24
Polymarket runs a daily newsletter summarizing news events tied to its betting markets, resembling a political news roundup rather than a financial disclosure. Both Polymarket and rival Kalshi have struck data-sharing partnerships with major media companies—Polymarket with Dow Jones and Substack, Kalshi with CNN, CNBC, and Fox—embedding themselves into roughly a quarter of top S&P 500 communications firms, though none of these deals involve actual trading.
wired.com
· 2026-09-16
Prediction market platform Kalshi reportedly took down a tool tracking AI compute prices after the U.S. Commerce Department raised national security objections. Details on the exact nature of the concern have not been fully disclosed, but the removal followed direct government pushback.
gizmodo.com
· 2026-09-15
LeBron James has become Polymarket's first individually signed NBA athlete partner, according to The Athletic. The announcement sparked backlash on social media, with fans accusing him of 'selling out' to a betting-adjacent platform despite his wealth.
entrepreneur.com
· 2026-09-10
Prediction markets Kalshi and Polymarket are becoming central to how political campaigns and media frame the midterm elections, with real-money bets on outcomes shaping coverage and strategy. Alongside their growing influence, lobbying spending tied to these platforms has surged, and questions about insider trading on political events are intensifying.
fastcompany.com
· 2026-09-09
WIRED's Uncanny Valley podcast covers two prediction-market controversies: Kalshi issued a lifetime ban to former Congressman George Santos, and a Google engineer faces an insider-trading case tied to Polymarket. The episode also examines a reverse-engineered Flock AI person-search tool and debate over labeling AI agents as 'rogue.'
wired.com
· 2026-09-03
New Jersey's attorney general has asked the Supreme Court to resolve whether states can regulate sports wagers offered through prediction markets like Kalshi. The move follows a split between federal appeals courts: the 3rd Circuit ruled such bets are federally regulated swaps outside state control, while the 9th Circuit found they are simply gambling by another name and can be blocked by states like Nevada.
arstechnica.com
· 2026-09-03
Unionized staff at The New York Times and The Athletic issued a unanimous statement opposing a potential deal linking The Athletic with prediction-market company Kalshi. They cite New York's attorney general, who found Kalshi operates as an illegal, unlicensed gambling platform posing financial risk to users, and argue that any deeper partnership would compromise journalistic independence and credibility.
newsguild.org
· 2026-09-03
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