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New York Takes Legal Action Against Coinbase and Gemini Over Prediction Market Offerings
On Tuesday, New York filed lawsuits against Coinbase and Gemini, contending that their prediction market offerings constitute unlicensed gambling products. According to the lawsuits, these platforms allow users to engage in betting, with the companies acting as bookmakers and promoting their prediction markets in a manner that suggests gambling. The New York Attorney General's office emphasized t…
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 products, which involve sports, entertainment, and elections, are essentially unlicensed gambling products. The lawsuit contends that these platforms have been advertised and operated as bookmakers, with users being referred to as 'bettors' and each contract being deemed a 'bet'. Furthermore, the…
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 constitute unlicensed gambling products. The lawsuit highlights how these companies have advertised their prediction markets and acted as bookmakers, pointing out that users are essentially 'bettors' and each contract is a bet. Furthermore, the platforms allegedly allow indi…
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 filed lawsuits against Coinbase and Gemini, asserting that their predictive market offerings, which encompass sports, entertainment, and election-related contracts, are essentially unlicensed gambling products. According to the lawsuits, these platforms have been advertising their predictive markets and acting as bookmakers, which is in contravention of state laws. The New Y…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Legal Action Against Coinbase and Gemini Over Prediction Market Offerings
In a recent development, New York has filed lawsuits against both Coinbase and Gemini, alleging that their prediction market offerings constitute unlicensed gambling products. According to the lawsuits, the manner in which these companies advertise their prediction markets and operate as bookmakers on their platforms is indicative of gambling activities. Furthermore, the suits highlight that thes…
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 sued major cryptocurrency exchanges Coinbase and Gemini, alleging that their prediction market offerings constitute unlicensed gambling products. According to the lawsuit, these platforms have been advertising their prediction markets and acting as bookmakers, which New York Attorney General's office claims is equivalent to gambling. The lawsuit highlights that u…
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 products are essentially unlicensed gambling offerings. According to the lawsuit, these platforms have been advertised and operated as bookmakers, with users being referred to as 'bettors' and each contract being deemed a 'bet'. Furthermore, the suits claim that these platforms allow individuals …
April 21, 2026, 8:58 p.m.
Policy
New York Takes Coinbase and Gemini to Court Over Prediction Market Offerings
In a lawsuit filed on Tuesday, New York State has targeted Coinbase and Gemini, alleging that their prediction market products, which involve sports, entertainment, and election outcomes, are in fact unlicensed gambling offerings. According to the lawsuit, these platforms have been advertising their services and acting as bookmakers, which the state argues is a clear violation of its gambling law…
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 products, which cover sports, entertainment, and elections, are essentially unlicensed gambling products. According to the lawsuit, these platforms have been advertised and operated in a manner that is indistinguishable from traditional gambling, with users being referred to as 'bettors' and each…
April 21, 2026, 8:58 p.m.
Policy
New York Takes Coinbase and Gemini to Court Over Predictive Market Offerings
On Tuesday, New York filed lawsuits against Coinbase and Gemini, arguing that their prediction market offerings, which involve sports, entertainment, and elections, contravene state gambling regulations. According to the lawsuits, these platforms are essentially providing unlicensed gambling products, as evidenced by their marketing strategies and the role they play as bookmakers. The New York At…
April 21, 2026, 8:58 p.m.