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Technology@lemmy.worldbybeep@piefed.world
12 days

New York State Sue Polymarket for Running Illegal Gambling Operation

www.governor.ny.gov English

cross-posted from: https://piefed.world/c/tech/p/1423967/new-york-state-sue-polymarket-for-running-illegal-gambling-operation

4
    Governor Hochul and Attorney General James Announce Lawsuit Against Polymarket for Running Illegal Gambling Operation
    www.governor.ny.gov
    Governor Hochul and Attorney General James announced a lawsuit against QCX LLC d/b/a Polymarket US (Polymarket) for running an illegal gambling operation in New York through its prediction market platform.
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    • solrize@lemmy.mlEnglish
      12 days

      I’m shocked, shocked to hear that gambling is going on in that establishment.

      • Cort@lemmy.worldEnglish
        12 days

        lawsuit is seeking a court order stopping Polymarket from operating as an unlicensed gambling business and requiring the company to pay fines, forfeit all illegal gains and pay restitution to users.

        Oh shit, the forfeit all illegal gains bit means this isn’t going to be a ‘cost of doing business’ lawsuit

        • astropenguin5@lemmy.worldEnglish
          12 days

          Took long enough lol

          • Scaramanga@thelemmy.clubEnglish
            12 days

            😅

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