New York Attorney General Letitia James (D) sued Coinbase and Gemini on Tuesday, accusing the two crypto companies of violating state gambling laws with their prediction markets. James argues that the platforms fall within the state’s definition of gambling and, as a result, are running afoul of state tax obligations and gambling restrictions on New…

New York claims Coinbase, Gemini prediction markets violate gambling laws
Julia Shapero·Just In News (The Hill)··1 min read
J
Continue reading on Just In News (The Hill)
This article was sourced from Just In News (The Hill)'s RSS feed. Visit the original for the complete story.