New York Sues Polymarket Over Alleged Unlicensed Gambling and Underage Trading

• New York Attorney General Letitia James and Governor Kathy Hochul have sued Polymarket's US arm for allegedly operating an illegal gambling operation without a license in the state.
• The lawsuit claims Polymarket allows users aged 18 to 20 to trade, violating state laws that require mobile sports bettors to be at least 21, and seeks triple fines and restitution for harmed users.
• This case follows similar lawsuits against other prediction market platforms, with defendants arguing that they are regulated by the Commodity Futures Trading Commission (CFTC) at the federal level, not by state laws.

https://cryptopotato.com/new-york-sues-polymarket-over-alleged-unlicensed-gambling-and-underage-trading/