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New York AG Sues Coinbase, Gemini for Illegal Gambling

4/22/2026

Summary

Story summary

New York Attorney General Letitia James filed lawsuits against Coinbase Financial Markets and Gemini Titan for illegal gambling via prediction markets.
The suits allege the platforms let users bet on uncertain outcomes, violating state gambling laws.
Neither company holds the license required by the New York State Gaming Commission.
The actions are part of a broader effort to curb online gambling and crypto platforms amid jurisdiction disputes with federal authorities.

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Story summary

New York Attorney General Letitia James filed lawsuits against Coinbase Financial Markets and Gemini Titan for illegal gambling via prediction markets.
The suits allege the platforms let users bet on uncertain outcomes, violating state gambling laws.
Neither company holds the license required by the New York State Gaming Commission.
The actions are part of a broader effort to curb online gambling and crypto platforms amid jurisdiction disputes with federal authorities.