Polymarket and several other prediction market platforms are in hot water again in New York City, this time over their fishiy marketing practices.
The New York City Council announced Wednesday that it has opened an investigation into major prediction market exchanges, focusing on their advertising in the city and potentially false, deceptive, or abusive tactics, particularly those targeting young people.
Council Speaker Julie Menin sent letters to Kalshi, Polymarket, Coinbase, and Gemini Titan requesting information about their marketing strategies. The Council is also planning a hearing on the issue.
“Prediction markets aggressively entice…
Read the full article at GIZMODO.COM
