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New York sues Polymarket, a prediction market, for being an unlicensed game

New York sues Polymarket, a prediction market, for being an unlicensed game

B1🇪🇸 Español → 🇺🇸 English

September 24th, 2026

New York sues Polymarket, a prediction market, for being an unlicensed game

B1
Please note: This article has been simplified for language learning purposes. Some context and nuance from the original text may have been modified or removed.

🇺🇸 English

New York sued the prediction market Polymarket on Thursday.

Nueva York demandó el jueves al mercado de predicciones Polymarket.

The state says the platform is a gambling operation without a license.

El estado dice que la plataforma es una operación de juego sin licencia.

It asked a judge to ban it from operating in the state.

Pidió a un juez que le prohíba operar en el estado.

The lawsuit is the latest legal challenge from a state that wants to slow down betting apps.

La demanda es el último desafío legal de un estado que busca frenar las aplicaciones de apuestas.

These apps let people bet on almost anything, like sports, weather, elections and technology.

Estas permiten apostar por casi cualquier cosa, como deportes, clima, elecciones y tecnología.

Prediction market platforms say that states cannot regulate them.

Las plataformas de mercados de predicciones dicen que los estados no pueden regularlas.

They say they are regulated at the federal level by the U.S. Commodity Futures Trading Commission.

Afirman que están reguladas a nivel federal por la Comisión de Comercio de Futuros de Productos Básicos de Estados Unidos.

Officials from New York filed the lawsuit in a state court.

Funcionarios de Nueva York presentaron la demanda en un tribunal estatal.

They want Polymarket to face fines and pay money back to users.

Quieren que Polymarket enfrente multas y pague restitución a los usuarios.

The platform did not get a gambling license from the state.

La plataforma no obtuvo una licencia de juego del estado.

The state had already sued other platforms like Kalshi, Coinbase and Gemini. It used a similar argument.

El estado ya había demandado a otras plataformas como Kalshi, Coinbase y Gemini con un argumento similar.

Governor Kathy Hochul said that Polymarket knowingly broke state law.

La gobernadora Kathy Hochul dijo que Polymarket violó la ley estatal a sabiendas.

According to her, it put New Yorkers at risk, especially minors.

Según ella, puso en riesgo a los neoyorquinos, sobre todo a los menores de edad.

Polymarket's legal director, Neal Kumar, said they will fight for their users.

El director legal de Polymarket, Neal Kumar, dijo que lucharán por sus usuarios.

Kumar said the company was founded in New York and now has more than 350 employees there.

Kumar afirmó que la empresa fue fundada en Nueva York y ahora tiene más de 350 empleados allí.

The platforms say they work differently from traditional gambling. They say consumers trade with each other, like in stock markets.

Las plataformas dicen que operan distinto al juego tradicional, porque los consumidores comercian entre sí, como en los mercados de valores.

The federal commission has opposed state regulation. It did not respond right away to a request for comment.

La comisión federal, que se ha opuesto a la regulación estatal, no respondió de inmediato a una solicitud de comentarios.

September 24th, 2026

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