NYC Council probes prediction markets over advertising practices

New York City lawmakers allege that four major prediction markets engage in deceptive marketing practices and target young adults.

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.