Chris Remington ( remington@beehaw.org ) MA to Technology · 2 hours agoNew York sues prediction market Polymarket, calling it an unlicensed gambling operationapnews.comexternal-linkmessage-square5linkfedilinkarrow-up149
arrow-up149external-linkNew York sues prediction market Polymarket, calling it an unlicensed gambling operationapnews.comChris Remington ( remington@beehaw.org ) MA to Technology · 2 hours agomessage-square5linkfedilink
minus-squaredan ( dan@upvote.au ) linkfedilinkarrow-up4·2 hours agoI thought Polymarket was still illegal in the USA, but it turns out they launched a new, US-specific version by acquiring an existing CTFC-licensed firm and focusing mostly on sports betting. Their main business is still illegal in the US.
minus-squarenous ( nous@programming.dev ) linkfedilinkEnglisharrow-up2·47 minutes agoI don’t think legality means anything in the US anymore. At least not for the rich.
I thought Polymarket was still illegal in the USA, but it turns out they launched a new, US-specific version by acquiring an existing CTFC-licensed firm and focusing mostly on sports betting. Their main business is still illegal in the US.
I don’t think legality means anything in the US anymore. At least not for the rich.