New York City Council Probes Kalshi, Polymarket and Coinbase Over Prediction Market Marketing

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The New York City Council has launched an investigation into Kalshi, Polymarket, Coinbase and Gemini Titan over allegations of false, deceptive and potentially predatory marketing. There are concerns about how prediction markets are reaching younger consumers. Why New York Is Investigating Council Speaker Julie Menin said the platforms aggressively encourage people to wager on sports, …