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New York is suing Coinbase and Gemini over unregulated and unlicensed prediction market platforms that the state contends are illegal gambling operations.
Attorney General Letitia James' lawsuit, filed Tuesday in state court in Manhattan, seeks to bar the companies' platforms from operating in the state unless and until they obtain licenses from the state Gaming Commission.
"Gambling by another name is still gambling, and it is not exempt from regulation under our state laws and Constitution," James said in a statement. "Gemini and Coinbase's so-called prediction markets are just illegal gambling operations, exposing young people to addictive platforms that lack the necessary guardrails."
Messages seeking comment were left for Coinbase and Gemini. Both companies began as cryptocurrency trading platforms before branching into the prediction space, which has been dominated by Kalshi and Polymarket.
Gemini, founded by brothers Cameron and Tyler Winklevoss, launched Gemini Predictions 

Coinbase

Press Trust of India

The action was announced by the US Department of the Treasury Office of Foreign Assets Control, which said those designated are based in Iran, Turkey, and the United Arab Emirates

Statue of Liberty was a gift to the US from France in 1886

Statue of Liberty, US-France, US France, France US, US flag, America Franch

From West Asia tensions and RBI policy signals to AI in drug trials, fiscal risks, GDP debates and India-China strategy, today's BS Opinion offers a wide-ranging view of key economic and geopolitical

Illustration: Binay Sinha

Business Standard

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.49 per cent and 0.88 per cent higher, respectively

Stock Markets LIVE Updates

With uncertainty still surrounding the possibility of last-minute diplomatic efforts, Trump indicated that military action could resume if an agreement is not reached soon

Donald Trump, Trump

The ceasefire between the US and Iran is expected to be extended beyond the initial two-week period, as both sides are willing to continue negotiations, former Central Command chief David H Petraeus has said.
The ceasefire between the US and Iran is set to expire on Wednesday.
Petraeus, the former general who also served as CIA director, said that there is a "reasonable expectation" that the ceasefire could be prolonged as negotiators from both sides prepare for a possible second round of talks in Islamabad, although uncertainty remains over final participation.
"I think both the US and Iran want to extend the ceasefire," he told PTI Videos in an interview on Monday.
His comments came amid US media reports that Vice President J D Vance is likely to travel to Islamabad on Tuesday for peace talks with Iran to end the seven-week war. On the other hand, Iran's Foreign Ministry Spokesperson Esmaeil Baqaei said on Monday that his country has yet to decide whether to attend the next round

US, Iran

IMD forecasts heatwave in North India and rainfall in other regions, with temperatures rising in northwest India, while Delhi is likely to see partly cloudy skies today

Heatwaves

Neither side offered any specifics about the state of negotiations, days before a fragile ceasefire in the US-Israeli war against Iran is set to expire

us iran, us flag, iran flag

Reuters

The Japanese government activated its top-tier crisis management protocols to ensure public safety and regional stability in the face of the renewed provocation

North Korea conducts the first test firing of the weapons system of the new Choe Hyon-class warship in the presence of leader Kim Jong Un and his daughter Kim Ju Ae in April.

Blackouts, LNG shortages and policy lapses hit Pakistan as it hosts key US-Iran talks amid rising energy stress

pakistan Flag

Bloomberg

According to police and fire rescue officials, four of the six injured are in critical condition and are undergoing treatment at the Virudhunagar Government Medical College Hospital

Representative Picture

IMD warns of intensifying heatwave conditions across several states, with temperatures expected to cross 40 degrees Celsius in many regions

women, heatwave

More than 80 mobile phone models, out of roughly 200 sold in India, have already seen average price increases of over 15 per cent.

The 213 km-long six-lane access-controlled Delhi-Dehradun economic corridor has been built at a cost of over ₹12,000 crore.

In this session, Vaibhav Maloo, Managing Director, Enso Group, explains the impact of the war-led energy crisis on India. >

Shubman Gill’s brilliant 86 powered Gujarat Titans to a dominant 5-wicket win over Kolkata Knight Riders in IPL 2026.

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