N.Y. City Council to investigation prediction market platforms

The New York City Council announced Wednesday that it is investigating the advertising practices of prediction market platforms in the city.

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 their advertising in

Council Speaker Julie Menin sent letters to four prediction market platforms, seeking answers about practices that may target minors

In letters to four prediction market platforms, City Council Speaker Julie Menin said the council was also actively considering legislation to address concerns.