NY AG Sues Coinbase, Gemini Over Unlicensed “Prediction Markets”
New York AG Letitia James sued Coinbase Financial Markets, Inc. and Gemini Titan, LLC, alleging that the companies operated unlicensed “prediction market” platforms that constituted illegal gambling operations in New York. According to the petitions filed against Coinbase and Gemini, both companies offered “event contracts” that the AG alleges constitute gambling by allowing users wager…


