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NY Attorney General sues Coinbase and Gemini for unlicensed gambling.
New York Attorney General Letitia James has filed lawsuits against Coinbase and Gemini, alleging their prediction market platforms operate as unlicensed gambling businesses that violate state law.
The complaints, filed in Manhattan, accuse the companies of offering event contracts without proper authorization and allowing users as young as 18 to participate, despite the state's minimum age of 21 for gambling.
James is seeking the return of profits, civil penalties, and corrective actions to halt operations in New York.
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El Fiscal General de Nueva York demanda a Coinbase y Gemini por juegos de azar sin licencia.