Prediction market platforms Polymarket and Kalshi are facing lawsuits and accusations of running illegal gambling operations.
4 reports, 3 independent
Updated Thu 00:00
Mostly repetition
- Reports
- 4
- Developments
- 3
- Repetition
- 75%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Prediction market platforms Polymarket and Kalshi are facing lawsuits and accusations of running illegal gambling operations.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Police are investigating illegal gambling platform operations, while regulators launch a pilot for new market infrastructure.Sub-event
- A coalition of Attorneys General, including New York's, has sued Kalshi over alleged illegal gambling operations involving various professional sports teams.Sub-event
Platforms Polymarket and Kalshi are accused of running illegal gambling operations, prompting regulatory scrutiny.1 source
Keep exploring
Part of
Allegations of unlicensed gambling operations linked to prediction market platforms involving Coinbase and political figures.Also in this story
- Indonesia blocked access to Polymarket due to online gambling laws, targeting bets on Prabowo Subianto's presidential tenure.
- A lawsuit was filed in New York regarding prediction market platform activities, involving market oversight criticism from Donald Trump and entities like Coinbase and Gemini.
The entities involved
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New York
state of the United States of America