NYC Council launches probe of Kalshi, Polymarket over ‘deceptive’ marketing practices

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 of minors and is the

Polymarket and Kalshi Now Face NYC Probe Over ‘Deceptive’ Ads  New York Magazine

U.S. inflation cooled slightly in new data from July. Also, the New York City Council launched a sweeping investigation into the marketing practices of prediction market companies such as Kalshi and Polymarket. Axios markets correspondent Matt Phillips shares his thoughts.

The city council gave Kalshi and Polymarket 14 days to disclose New York user data, ages and how much residents have won or lost since last year.

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

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

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

New York City Launches Sweeping Investigation Into Polymarket and Kalshi  WSJ