New York AG Sues Coinbase, Gemini Over Prediction Markets

TLDR New York Attorney General Letitia James has sued Coinbase and Gemini over alleged illegal gambling on their prediction market platforms. The state seeks at least $2.2 billion from Coinbase and $1.2 billion from Gemini in penalties and forfeited profits. James claims the platforms allowed users aged 18 to 21 to place sports-related bets, which [...]

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