The New York City Council announced Wednesday that it is investigating four prediction markets for alleged “predatory marketing practices” targeting young people. Council Speaker Julie Menin sent letters to Polymarket, Kalshi, Coinbase and Gemini Titan on Monday, requesting more information about th…
NEW YORK CITY (PIX11) -- The New York City Council is looking to potentially crack down on the increasingly popular prediction market industry, including major apps like Kalshi and Polymarket. City Council Speaker Julie Menin announced an investigation into multiple prediction betting platforms to e…
The New York City Council has opened an investigation into four major prediction market platforms, alleging they may be using false, deceptive, or abusive marketing tactics to target young people. City Council Speaker Julie Menin sent letters to Kalshi, Polymarket, Coinbase, and Gemini notifying the…
While the New York City Council cannot pass laws preventing prediction markets like Polymarket and Kalshi from operating in the city, the legislative body announced Wednesday that it was launching an investigation into whether and how it could regulate how those companies advertise themselves within…
The New York City Council is investigating prediction markets Polymarket, Kalshi, Coinbase and Gemini Titan for alleged deceptive marketing and targeting underaged users. The probe into Polymarket, Kalshi, Coinbase and Gemini Titan focuses on alleged deceptive marketing practices and the targeting o…
