New York Sues Polymarket, Calls Prediction Markets Gambling

New York Attorney General Letitia James and Gov. Kathy Hochul sued Polymarket's U.S. arm on Sept. 24, 2026. They allege its prediction markets, platforms for betting on event outcomes, qualify as gambling under state law. The state seeks a court order to block unlicensed operation in New York, citing alleged access for underage bettors.