Polymarket faces a lawsuit in New York with claims it’s operating an illegal gambling platform

New York sued the prediction market Polymarket on Thursday, arguing the platform is an unlicensed gambling operation and calling for a judge to block the company from operating in the state. The lawsuit is the latest legal challenge from a state moving to rein in popular and now-ubiquitous betting apps that allow people to place wagers on most anything, including sports, weather, elections and technology. Prediction market platforms have argued states do not have the authority to govern them bec