New York attorney general warns consumers about prediction markets
New York Attorney General Letitia James warned consumers about prediction markets ahead of Super Bowl LX, saying the platforms lack protections available through regulated betting and fall outside the New York State Gaming Commission’s oversight. She cautioned operators that advertising or promoting what appears to be sports betting could breach state gaming laws and lead to civil or criminal prosecution.
The warning signals potential legal exposure for prediction-market operators advertising sports-related contracts in New York.