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New York State is asserting that prediction markets operated by Coinbase and Gemini are illegal under existing regulations.

Legal IssuesCryptocurrencyApr 21, 2026score 0.273 posts · 0 replies across 2 instances
New York is suing Coinbase and Gemini for operating illegal prediction markets, with reports in government, tax law, and banking law sectors. The lawsuit highlights regulatory concerns over cryptocurrency platforms and their compliance with legal frameworks.

Claims

New York State is asserting that prediction markets operated by Coinbase and Gemini are illegal under existing regulations.
Parent: RegulationEntity: Prediction MarketsImpact: negativeDate: Apr 21, 2026Target: The legality of prediction markets operated by cryptocurrency platforms

Source posts

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New York Sues Coinbase, Gemini Over ‘Illegal’ Prediction Markets https://news.bgov.com/bloomberg-government-news/new-york-sues-coinbase-gemini-over-illegal-prediction-markets?utm_source=flipboard&utm_medium=activitypub Posted into Government @government-BloombergLaw
0 boosts · 0 favs · 0 replies · Apr 21, 2026
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New York Sues Coinbase, Gemini Over ‘Illegal’ Prediction Markets https://news.bloombergtax.com/daily-tax-report/new-york-sues-coinbase-gemini-over-illegal-prediction-markets?utm_source=flipboard&utm_medium=activitypub Posted into Tax Law @tax-law-BloombergLaw
0 boosts · 0 favs · 0 replies · Apr 21, 2026
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New York Sues Coinbase, Gemini Over ‘Illegal’ Prediction Markets https://news.bloomberglaw.com/banking-law/new-york-sues-coinbase-gemini-over-illegal-prediction-markets?utm_source=flipboard&utm_medium=activitypub Posted into Banking @banking-BloombergLaw
0 boosts · 0 favs · 0 replies · Apr 21, 2026