New York and Polymarket Clash Over Prediction Market Regulation
New York officials and prediction market operator Polymarket have entered a new legal battle that could further shape the ongoing debate over who has authority to regulate event-based trading contracts in the United States. On Thursday, New York Attorney General Letitia James and Governor Kathy Hochul announced legal action against QCX LLC, doing business as Polymarket US, alleging that the company has been operating an unlicensed gambling business in the state. Later the same day, Polymarket responded with its own […] The post New York and Polymarket Clash Over Prediction Market Regulation appeared first on World Casino News.
New York officials and prediction market operator Polymarket have entered a new legal battle that could further shape the ongoing debate over who has authority to regulate event-based trading contracts in the United States. On Thursday, New York Attorney General Letitia James and Governor Kathy Hochul announced legal action against QCX LLC, doing business as Polymarket US, alleging that the company has been operating an unlicensed gambling business in the state. Later the same day, Polymarket responded with its own […]
The post New York and Polymarket Clash Over Prediction Market Regulation appeared first on World Casino News.
