Coinbase and Gemini Sued in New York Over Alleged Illegal Gambling

New York Attorney General Letitia James has filed lawsuits against cryptocurrency exchanges Coinbase and Gemini, accusing them of illegally operating gambling platforms through prediction markets.

22 Apr, 18:29 — 22 Apr, 18:29

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NYTMostly Factual1d ago

Coinbase and Gemini Accused of Illegal Gambling in N.Y. Lawsuits

Attorney General Letitia James said the cryptocurrency giants were illegally running gambling platforms in the state after they expanded into prediction markets, which are loosely regulated.

By Hurubie Meko

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Coinbase and Gemini Sued in New York Over Alleged Illegal Gambling

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Coinbase and Gemini Accused of Illegal Gambling in N.Y. Lawsuits

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