New York claims Coinbase, Gemini prediction markets violate gambling laws
The Hill
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New York Attorney General Letitia James (D) sued Coinbase and Gemini on Tuesday, accusing the two crypto companies of violating state gambling laws with their prediction markets.
James argues that the platforms fall within the state’s definition of gambling and, as a result, are running afoul of state tax obligations and gambling restrictions on New…
New York Sues Crypto Exchanges
- New York sues Coinbase and Gemini, seeking to halt unlicensed prediction market businesses ABC News —
- New York lawsuit accuses Coinbase and Gemini of enabling illegal gambling AP News —
- New York sues Coinbase and Gemini, seeking to halt unlicensed prediction market businesses The Independent —
- New York Sues Coinbase, Gemini Over Crypto Exchanges’ Prediction Markets Wall Street Journal —
- New York Attorney General sues two prediction markets on illegal gambling allegations Engadget —