New York Council sends letters to Kalshi, Polymarket in prediction markets ad probe

New York City Council Speaker Julie Menin issued letters to Kalshi, Coinbase, Polymarket, and Gemini Titan, informing each company that the council has begun investigating allegations of “false, deceptive, unconscionable, and objectionable marketing practices.”  The announcement comes right as the city’s fight with prediction markets made headway with both a major lawsuit and a federal...