# New York Sues Polymarket, Calling Its United States Prediction Market Unlicensed Gambling

Attorney General Letitia James asks a state court to shut down QCX LLC's event contracts and to recover three times the gains plus penalties of $100,000 per violation.

- Published: 2026-09-25T05:49:08.849Z
- Canonical: https://polylog.news/crypto/2026-09-25/new-york-sues-polymarket-calling-its-united-states-predictio
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/09/24/new-york-sues-polymarket-alleging-it-is-running-an-illegal-gambling-operation), [CryptoSlate](https://cryptoslate.com/new-york-sues-polymarket-seeks-triple-gains-and-100000-penalties-over-prediction-markets/), [Bitcoin Magazine](https://bitcoinmagazine.com/news/new-york-sues-polymarket)

New York Attorney General Letitia James filed suit against Polymarket on 24 September, asking a state court to stop QCX LLC, which trades as Polymarket US, from offering event contracts to residents. The complaint characterizes the business…

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