New York City Council investigating prediction markets’ marketing practices

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Trending on The Hill - August 12, 2026

Trending on The Hill - August 12, 2026

The New York City Council announced Wednesday that it is investigating four prediction markets for alleged “predatory marketing practices” targeting young people. 

Council Speaker Julie Menin sent letters to Polymarket, Kalshi, Coinbase and Gemini Titan on Monday, requesting more information about their advertising in New York City. 

In a statement shared by her office on Wednesday, Menin drew on her background as a mother, saying she understood “firsthand the fears that come with raising kids in a world where predatory industries are constantly finding new ways to target them.”

“Prediction markets aggressively entice........

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