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Consumer group sues Polymarket over alleged marketing to college students

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The National Association of Consumer Advocates sued Polymarket, its chief executive Shayne Coplan and chief marketing officer Matthew Modabber in the District of Columbia Superior Court, alleging deceptive marketing to US consumers and college-aged people. The complaint alleges paid creators promoted the platform without disclosing their ties; Polymarket had not responded to a request for comment when the source was published.

The case puts Polymarket’s marketing practices and potential consumer-protection exposure before a court.

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Thirty-seven states back New York in Kalshi sports-betting case

Thirty-seven US states, the District of Columbia and the Northern Mariana Islands submitted a brief supporting New York against Kalshi to the Second Circuit Court of Appeals. Registered on 6 November, the brief argues that federal derivatives law should not prevent states from enforcing sports-betting and consumer-protection rules; a separate group of 38 states filed a Wisconsin brief concerning Polymarket, Coinbase, Robinhood and Crypto.com.

A coalition of 37 US states, the District of Columbia and the Northern Mariana Islands has filed a brief supporting New York in its case against Kalshi at the Second Circuit Court of Appeals. The brief, filed on 6 November, argues that federal derivatives law should not prevent states from applying sports-betting and consumer-protection rules.

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