South Korea's communications regulator has ordered internet providers to block access to Polymarket, ruling that the crypto-based prediction market violates Korean gambling laws despite its decentralized settlement structure. The country joins more than 30 jurisdictions restricting access to the platform.
U.S. District Judge Shalina Kumar rejected Coinbase's preliminary injunction request to prevent Michigan from enforcing gambling laws against its sports event prediction contracts, dismissing the company's arguments as 'applesauce.' The ruling follows Coinbase's December 2025 lawsuit seeking to establish federal jurisdiction over prediction markets.
New York Governor Kathy Hochul and Attorney General Letitia James filed a lawsuit against prediction market platform KalshiEX, LLC, alleging it operates an illegal, unlicensed gambling operation in the state. The lawsuit seeks to halt Kalshi's operations and demands the company forfeit approximately $36 billion.
New York's attorney general has filed a lawsuit against prediction market platform Kalshi, claiming the company operates illegal gambling operations without proper licensing. The legal action follows similar suits against cryptocurrency exchanges Coinbase and Gemini.
