By SectorWire desk ·
The report said that New York City Council opened an investigation into prediction-market advertising and possible targeting of minors. It requested user, advertising and influencer-marketing information from Polymarket, Kalshi, Coinbase and Gemini Titan.
The platforms face disclosure requests concerning advertising practices and potential marketing to minors.
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Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands.
The access restrictions affect how prediction-market platforms can serve users in Taiwan amid enforcement over election-related betting.
The committee examined manipulation risks, while disputed examples highlight disagreement over which products breached standards.
The planned White House meeting connects prediction market executives with President Trump and the Commodity Futures Trading Commission chairman.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
BetMGM's iGaming revenue exceeded its online sports betting revenue, giving investors a comparison of the operator's two businesses.