New York Sues Coinbase and Gemini Over Alleged Illegal Prediction Market Gambling Operations

New York Attorney General Letitia James has filed lawsuits against Coinbase Financial Markets and Gemini Titan, alleging they operate illegal prediction market gambling platforms without state licenses. The lawsuits claim these platforms allow users to bet on event outcomes like sports and elections, violating New York's gambling laws and exposing underage users to financial risks.