国产诱惑福利

鈥淕ambling by another name is still gambling, and it is not exempt from regulation under our state laws and Constitution,鈥� James said in a statement. 鈥淕emini and Coinbase鈥檚 so-called prediction markets are just illegal gambling operations, exposing young people to addictive platforms that lack the necessary guardrails.鈥�

Messages seeking comment were left for Coinbase and Gemini. Both companies began as cryptocurrency trading platforms before branching into the prediction space, which has been dominated by Kalshi and Polymarket.

Gemini, founded by brothers Cameron and Tyler Winklevoss, launched Gemini Predictions in December. Coinbase started its prediction markets service in January.

鈥淐rypto was just the beginning,鈥� Gemini鈥檚 website said Tuesday, next to a prediction box offering bets on such things as the winner of that day's Chelsea-Brighton Premier League soccer match, when Kevin Warsh will be confirmed as the chairman of the Federal Reserve, and what the price of oil will be Friday.

New York's lawsuit alleges that the Coinbase and Gemini are seeking 鈥渢o avoid the legal and financial consequences" of the state's close regulation of gambling 鈥渂y offering what is quintessentially wagering under the guise of offering 鈥榚vent contracts鈥� on a 鈥榩rediction market.鈥欌��

By operating without licenses, the lawsuit says, Coinbase's and Gemini's prediction market businesses aren't paying the same taxes as licensed casinos and mobile sportsbooks, which are taxed by the state at a rate of approximately 51% of gross revenues. In addition, the lawsuit says, Coinbase and Gemini allow users as young as 18, while state law prohibits wagering by anyone under 21.

Kalshi sued the state Gaming Commission in October after the commission sought to bar the company's prediction market business from operating in the state. In the case, which is ongoing, Kalshi argues that, as a federally designated derivatives exchange, it is subject to the exclusive jurisdiction of the federal regulator, the Commodity Futures Trading Commission.

Coinbase made the same argument in December when it sued Connecticut, Michigan and Illinois to block those states from attempting to regulate its prediction business. Earlier this month, the Commodity Futures Trading Commission sued Arizona, Connecticut, and Illinois to block them from policing prediction markets.

Last week, a federal judge 鈥� which have included criminal charges against Kalshi 鈥� finding that the federal commission had demonstrated a reasonable chance of success in showing that the act preempts Arizona law.

In February, James issued what her office described as a consumer alert warning, saying that prediction markets operating without the supervision of the state Gaming Commission were putting New Yorkers 鈥渁t significant financial risk.鈥� Some users who say they've lost money on the sites have filed lawsuits against them.

James herself has been the subject of prediction market wagering.

Last year, as the Trump administration was scrutinizing the Democrat's real estate transactions, Polymarket saw $18,700 in trades on the question: 鈥淲ill Letitia James be charged with a crime by December 31?鈥�

James was indicted in October, but a judge dismissed the case a month later, concluding that the prosecutor who brought the charges at President Donald Trump鈥檚 urging was illegally appointed by the Justice Department. James had denied wrongdoing.

Meanwhile, Kalshi has seen $12,660 in trades on the outcome of this year's election for New York attorney general. As of Tuesday, 93% of users were predicting James to win a third term.