Regulation· ★★★★· bearish·

New York Sues Polymarket US, Seeks Shutdown and Triple Damages

  • —Lawsuit filed 24 September 2026 against QCX LLC, doing business as Polymarket US
  • —State seeks fines equal to three times the platform's gambling gains
  • —Additional $100,000 sought per attempt or offer of sports wagering in New York
  • —Polymarket cites CFTC oversight and says it will contest the case
Why it matters: The suit deepens the federal-versus-state clash over prediction markets and could curb Polymarket's US operations.
#USDC
Source: Coinpaprika News
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