New York Sues Coinbase and Gemini Over Prediction Markets

New York Sues Coinbase and Gemini Over Prediction Markets

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News The Attorney General for New York filed a lawsuit against the prediction market arms of Coinbase and Gemini on Tuesday. The claim is that these platforms violate state laws against illegal gambling. According to the petitions filed in the state court in Manhattan, Attorney General Letitia James argues that both Gemini and Coinbase have not obtained New York State Gaming Commission licenses to operate these markets. The AG also says that the event contracts that the platforms allow users to bet on are “quintessentially gambling.” This is because the outcomes of those events are typically outside the bettors’ co

Source: https://cryptopotato.com/new-york-sues-coinbase-and-gemini-over-prediction-markets/