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New York Takes Legal Action Against Coinbase and Gemini Over Prediction Market Offerings
In a recent lawsuit, New York has targeted Coinbase and Gemini, alleging that their prediction market offerings are essentially unlicensed gambling products. According to the lawsuit, the way these companies advertise their prediction markets and act as bookmakers on their platforms suggests they are facilitating gambling activities. The lawsuit also highlights that these platforms allow individu…
April 21, 2026, 8:58 p.m.
Policy
Coinbase and Gemini Face Lawsuit from New York Over Predictive Market Offerings
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April 21, 2026, 8:58 p.m.
Policy
Coinbase and Gemini Face Lawsuit from New York Over Prediction Market Offerings
In a recent lawsuit, New York has taken action against Coinbase and Gemini, alleging that their prediction market offerings, which involve sports, entertainment, and elections, are in violation of state gambling laws. The lawsuit claims that these offerings are essentially unlicensed gambling products, pointing to the companies' advertising strategies and their role as bookmakers on the platforms…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Prediction Market Offerings
In a recent lawsuit, New York has targeted Coinbase and Gemini, alleging that their prediction market contracts, which involve sports, entertainment, and elections, are in breach of state gambling regulations. According to the lawsuit, the prediction market offerings provided by Coinbase and Gemini are essentially unlicensed gambling products, as evidenced by their marketing strategies and the ro…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Coinbase and Gemini to Court Over Predictive Market Offerings
None
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Prediction Market Offerings
The state of New York has filed a lawsuit against Coinbase and Gemini, alleging that their prediction market offerings, which cover sports, entertainment, and elections, are in violation of state gambling regulations. According to the lawsuit, these platforms are essentially providing unlicensed gambling products, as evidenced by their marketing strategies and the role they play as bookmakers. Th…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Predictive Market Offerings
In a lawsuit filed on Tuesday, New York targeted Coinbase and Gemini, contending that their predictive market products, which encompass sports, entertainment, and elections, are in breach of state gambling regulations. The lawsuits assert that these platforms are essentially unlicensed gambling products, highlighting how the companies promote their predictive markets and function as bookmakers. T…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Predictive Market Offerings
The state of New York has filed a lawsuit against Coinbase and Gemini, alleging that their prediction market offerings, which cover sports, entertainment, and election outcomes, are in violation of state laws governing gambling. According to the lawsuit, these platforms are essentially providing unlicensed betting products, with the companies acting as bookmakers and users being referred to as 'b…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Predictive Market Offerings
The state of New York has filed lawsuits against Coinbase and Gemini, alleging that their predictive market offerings, which involve sports, entertainment, and elections, are essentially unlicensed gambling products. According to the lawsuits, the way these companies advertise their predictive markets and operate as bookmakers on their platforms suggests they are facilitating gambling. The New Yo…
April 21, 2026, 8:58 p.m.
Policy
Coinbase and Gemini Face Lawsuit from New York Over Prediction Market Offerings
In a recent lawsuit, New York has taken action against Coinbase and Gemini, arguing that their prediction market products, which involve sports, entertainment, and elections, are in breach of state gambling regulations. The lawsuit claims that these platforms are essentially providing unlicensed gambling products, with the companies acting as bookmakers and users being referred to as 'bettors'. A…
April 21, 2026, 8:58 p.m.