Calling it a “prediction market” doesn’t change the facts.
If you’re taking bets in New York, our gambling laws apply.
Today, @NewYorkStateAG and I sued Polymarket for running an illegal gambling operation and preying on vulnerable New Yorkers.
“But a prediction market is not simply a casino. It produces a public good: a real-time projection, accessible to anyone, of the likelihood of a particular event occurring.”
washingtonpost.com/opinions/…