GoKawiilNew York sues Polymarket, calls prediction market illegal gambling
New York filed a lawsuit against Polymarket in state court, alleging the platform runs unlicensed gambling and asking a judge to block it from operating in the state. The state is seeking fines and restitution for users, arguing Polymarket never obtained a required gaming license. Polymarket's chief legal officer said the company will fight the claims and remain in New York.