US Top News and Analysis | New York sues Coinbase, Gemini Titan; calls their prediction markets illegal gambling

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New York Attorney General Letitia James sued Coinbase Financial Markets and Gemini Titan, alleging that their prediction‑market platforms operate without the required New York State Gaming Commission license and thus violate state gambling laws because users bet on outcomes such as sports events and elections—activities the state defines as games of chance. The complaint also says the firms allow 18‑ to 20‑year‑olds to wager, contrary to the legal minimum age of 21 for mobile sports betting. James is seeking repayment of illegal profits, civil fines equal to three times those profits, restitution for customers, a ban on under‑21 wagering, and a prohibition on marketing the platforms on college campuses.

Read more: https://www.cnbc.com/2026/04/21/new-york-sues-coinbase-gemini-titan-calls-their-prediction-markets-illegal-gambling.html

#LetitiaJames #Coinbase #GeminiTitan #GamingCommission #Manhattancourt #

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British billionaire Joe Lewis was fined $5M and sentenced to 3 years of probation for insider trading. Manhattan's U.S. District Judge Jessica Clarke ruled after Lewis pleaded guilty to securities fraud, promoting leniency for the 87-year-old founder's actions.

#InsiderTrading #JoeLewis #SecuritiesFraud #ManhattanCourt #BusinessEthics