New York moves to block Polymarket from the state, alleging it’s running an illegal gambling operation

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: The Block
New York moves to block Polymarket from the state, alleging it’s running an illegal gambling operationWorldPing
Image via The Block.

What happened

New York has sued Polymarket, accusing it of operating an illegal gambling operation and asking a court to block it from operating.

Key facts

  • Reported by The Block and published Thu, 24 Sep 2026 16:25:05 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. New York sues Polymarket over alleged illegal gambling business

  2. NY AG Sues Polymarket, Calls Prediction Market Illegal Gambling

  3. SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail

  4. New York moves to block Polymarket from the state, alleging it’s running an illegal gambling operation

  5. New York Wants to Ban Polymarket, Lawsuit Calls It 'Illegal Gambling Operation'

Sources

The original report was published by The Block. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at The Block

Related WorldPing coverage

New York sues Polymarket over alleged illegal gambling businessWorldPing
Cointelegraph

New York sues Polymarket over alleged illegal gambling business

The action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation.

Brief by WorldPing · Original reporting by Cointelegraph