Coinbase and Gemini Accused of Illegal Gambling in N.Y. Lawsuits
Cryptocurrency exchanges Coinbase and Gemini have been accused by New York Attorney General Letitia James of illegally operating gambling platforms in the state.The allegations arise after both companies expanded into prediction markets, which are subject to loose regulation.Attorney General James stated that these firms were running gambling operations without proper authorization under New York law.The lawsuits were announced on April 22, 2026, marking a significant regulatory challenge for the exchanges.No casualties or disruptions have been reported in connection with the lawsuits.However, the legal action highlights growing regulatory scrutiny of cryptocurrency platforms that venture into areas overlapping with gambling regulations.This development... [Continue Reading]
360LiveNews | 22 Apr 2026 20:01 LONDON
