finance.yahoo.com

NYC Council launches marketing investigation into Coinbase, Polymarket, Kalshi and Gemini

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Sig5.24Sen-4.63Env0.00Soc-1.75Gov-6.70

NYC Council Speaker Julie Menin announced an investigation into Coinbase, Polymarket, Kalshi and Gemini after sending letters over marketing practices. The probe targets Polymarket, citing claims that influencers promoted the platform using videos of trades that did not exist and content tied to insider trading. The announcement follows New York Attorney General Letitia James’ April suit against Coinbase and Gemini, and a CFTC emergency order keeping Kalshi operating during the legal fight.

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