NYC Council Probes Coinbase, Kalshi, Polymarket Over Alleged Deceptive Prediction Market Ads

The New York City (NYC) Council has launched an investigation into the prediction market advertising practices of Coinbase, Kalshi, Polymarket, and Gemini as they relate to users in the city. This follows earlier reports of deceptive ads that Polymarket used to target U.S. users. The investigation also comes as the state of New York cracks