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The Hill

New York claims Coinbase, Gemini prediction markets violate gambling laws

New York claims Coinbase, Gemini prediction markets violate gambling laws
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New York Attorney General Letitia James (D) sued Coinbase and Gemini on Tuesday, accusing the two crypto companies of violating state gambling laws with their prediction markets. James argues that the platforms fall within the state’s definition of gambling and, as a result, are running afoul of state tax obligations and gambling restrictions on New...

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