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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 constitute unlicensed gambling products. The lawsuit claims that these platforms have been promoting their prediction markets and acting as bookmakers, which is deemed to be in violation of state laws. Furthermore, it is argued that the platforms allow individuals between the ages of 18…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Predictive Market Offerings
In a recent lawsuit filed on Tuesday, New York has sued both Coinbase and Gemini, contending that their prediction market offerings, which encompass sports, entertainment, and elections, are in direct violation of state laws regulating gambling. According to the lawsuit, the prediction market products offered by Coinbase and Gemini are essentially unlicensed gambling products. This assertion is b…
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 offerings constitute unlicensed gambling products. The lawsuit claims that these platforms have been advertising their prediction markets and acting as bookmakers, which is deemed to be in violation of state laws. Furthermore, the suit argues that the platforms permit individuals between the ages…
April 21, 2026, 8:58 p.m.
Policy
Coinbase and Gemini Face Lawsuit from New York Over Predictive Market Offerings
In a lawsuit filed on Tuesday, New York alleged that Coinbase and Gemini's predictive market offerings constitute unlicensed gambling products. The lawsuit claims that these platforms operate as bookmakers, allowing users to place bets on various outcomes, including sports and entertainment events. Furthermore, the suit argues that the platforms enable individuals between the ages of 18 and 21 to…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Predictive Market Offerings
In a recent lawsuit, New York has targeted Coinbase and Gemini, alleging that their predictive market services, which cover areas such as sports, entertainment, and elections, are essentially unlicensed gambling products. According to the lawsuit, the way these companies promote their predictive markets and act as bookmakers on their platforms further supports this claim. The New York Attorney Ge…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Predictive Market Offerings
On Tuesday, New York filed a lawsuit against Coinbase and Gemini, joining the growing list of states arguing that predictive market contracts involving sports, entertainment, and elections are in breach of state gambling laws. The lawsuit asserts that the predictive market offerings provided by Coinbase and Gemini are essentially unlicensed gambling products, highlighting how these companies have…
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, asserting that their predictive market offerings constitute unlicensed gambling products. The lawsuits highlight how these companies advertised their predictive markets and functioned as bookmakers, with the New York Attorney General's office characterizing user interactions as betting activities. Furthermore, the suits point o…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Predictive Market Offerings
In a recent lawsuit, New York has targeted Coinbase and Gemini, alleging that their predictive market products are essentially unlicensed gambling offerings. According to the lawsuit, these platforms have been promoting their predictive markets and acting as bookmakers, which is against state regulations. The NYAG's office has described the behavior of these platforms as gambling, referring to us…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Prediction Market Offerings
On Tuesday, New York initiated a lawsuit against Coinbase and Gemini, contending that their prediction market offerings, which encompass sports, entertainment, and elections, are in contravention of state laws regulating gambling. According to the lawsuit, the prediction market products offered by Coinbase and Gemini are essentially unlicensed gambling products, as evidenced by their marketing st…
April 21, 2026, 8:58 p.m.
Policy
Coinbase and Gemini Face Lawsuit from New York Over Prediction Market Offerings
On Tuesday, New York initiated legal proceedings against Coinbase and Gemini, thereby joining the ranks of states arguing that prediction market contracts involving sports, entertainment, and elections are in contravention of state laws regulating gambling. According to the lawsuits filed, the prediction market products offered by Coinbase and Gemini are essentially unlicensed gambling products, …
April 21, 2026, 8:58 p.m.