New York Targets Coinbase and Gemini Prediction Markets
New York Attorney General Letitia James has filed lawsuits against Coinbase Financial Markets, Inc. and Gemini, Titan LLC, arguing that the companies are operating illegal gambling businesses in the state through their prediction market products. The cases add New York to a widening state-level fight over whether event contracts offered through crypto-linked platforms should be treated as federally regulated financial products or as gambling subject to state gaming law. James said the two companies allow users to place money on […] The post New York Targets Coinbase and Gemini Prediction Markets appeared first on World Casino News.
New York Attorney General Letitia James has filed lawsuits against Coinbase Financial Markets, Inc. and Gemini, Titan LLC, arguing that the companies are operating illegal gambling businesses in the state through their prediction market products. The cases add New York to a widening state-level fight over whether event contracts offered through crypto-linked platforms should be treated as federally regulated financial products or as gambling subject to state gaming law. James said the two companies allow users to place money on […]
The post New York Targets Coinbase and Gemini Prediction Markets appeared first on World Casino News.
