NYC Council Investigates Prediction Platforms Kalshi and Polymarket
The New York City Council has launched a probe into Kalshi and Polymarket, demanding user data and financial details within 14 days. The investigation focuses on potential social harms from these prediction market platforms. Authorities are seeking information on New York residents' ages, usage, and net gains or losses since last year.
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Original headline: “New York City probes Kalshi and Polymarket over social harms.” Browse more stories.