New York Sues Polymarket US, Alleging Illegal Gambling

New York sued QCX LLC, operating as Polymarket US, on Sept. 24, 2026. Gov. Kathy Hochul and Attorney General Letitia James allege its prediction market — where users bet on event outcomes — was illegal gambling in New York. The announcement named no penalty; the filed complaint will spell out what restrictions or fines the state wants.