New York City Council Opens Investigation Into Prediction Markets Over Predatory Marketing Practices
THE SO WHAT
NYC Council pulling Kalshi, Polymarket, Coinbase, and Gemini Titan into an investigation is a warning shot — prediction markets are moving from regulatory gray zone to explicit consumer protection scrutiny. If your product blurs lines between trading, betting, and “engagement,” expect copycat inquiries in other jurisdictions and tighten your marketing compliance now.
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