New York lawsuits target prediction market giants Coinbase and Gemini in major showdown

New York Attorney General Letitia James has opened what may become one of the biggest state fights yet over prediction markets, suing Coinbase and Gemini and accusing both companies of running illegal online gambling operations. The paired cases were filed in New York Supreme Court and ask judges for heavy financial penalties that could ripple across a fast-growing corner of crypto finance. State lawyers say residents were allowed to stake money on sports, elections, and entertainment results wi