New York sues Coinbase, Gemini over prediction market offerings

New York sues Coinbase, Gemini over prediction market offerings

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enPolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailNew York sues Coinbase, Gemini over prediction market offeringsNew York has become the latest state to argue that prediction market contracts touching on sports and entertainment violate state gambling laws. By Nikhilesh De|Edited by Jesse Hamilton Apr 21, 2026, 8:58 p.m. Make preferred on New York Attorney General Letitia James (Paul Morigi/Getty Images for Democracy Forward)New York sued Coinbase and Gemini on Tuesday, becoming the latest state to argue that prediction market contracts dealing with sports, entertainment and elections are violating state gambling laws. According to the lawsuits, Coinbase and Gemini's prediction market offerings are really unlicensed gambling products, pointing to how the companies advertised their predic

Source: https://www.coindesk.com/policy/2026/04/21/new-york-sues-coinbase-gemini-over-prediction-market-offerings