Key facts
- New York has sued Polymarket, accusing it of operating an illegal gambling platform.
- The lawsuit was filed on Thursday.
New York authorities have taken legal action against Polymarket, a platform that allows users to speculate on the outcomes of real-world events. The state is accusing the company of operating an illegal gambling business. The lawsuit was filed on Thursday, signaling a move by regulators to scrutinize and potentially curb the activities of prediction markets.