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New York sues prediction market Polymarket, calling it an unlicensed gambling operation (apnews.com)
submitted 1 day ago by [M] to c/technology@beehaw.org
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[–] 11 points 1 day ago* (2 children)

I thought Polymarket was still illegal in the USA, but it turns out they launched a new, US-specific version by acquiring an existing CTFC-licensed firm and focusing mostly on sports betting. Their main business is still illegal in the US.

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  • [–] 13 points 1 day ago (1 child)

    I don't think legality means anything in the US anymore. At least not for the rich.

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  • [–] 4 points 1 day ago*

    They do still block US users from their main business, so they're at least still compliant in that way. If you go to polymarket.com from a US IP, it says "Trading is blocked in the United States on polymarket.com. Switch to polymarket.us to trade prediction markets."

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