TechnologyNew York sues Polymarket US over alleged illegal gambling
The Hill reports that the state alleges Polymarket lacks a gambling license and violates under-21 betting restrictions. Polymarket says it will fight the suit and stay in New York.
TLDR
The Hill reports that New York sued Polymarket on September 24, 2026. Attorney General Letitia James’s office alleges that Polymarket US operates without a state gambling license, avoids associated taxes and lets 18- to 20-year-olds bet despite New York’s 21-year minimum for mobile sports betting. The office says it seeks to halt unlicensed operations in the state, secure restitution for harmed users, recover alleged illegal gains and impose fines.
The Hill quotes Polymarket chief legal officer Neal Kumar saying the company will fight for its users and remain in New York. The outlet describes a wider dispute: states argue prediction markets fall under their gambling laws, while the platforms contend they are federally regulated by the Commodity Futures Trading Commission, which has sided with them.
New York sues Polymarket US over alleged illegal gambling
The Hill reports that the state alleges Polymarket lacks a gambling license and violates under-21 betting restrictions. Polymarket says it will fight the suit and stay in New York.