- BKReader, Monday, August 17, 2026 10:41 PM
The New York City Council is investigating the marketing and advertising practices of prediction market platforms, Speaker Julie Menin announced on Wednesday, BKReader reports. The Council sent
letters to Kalshi, Polymarket, Coinbase and Gemini Titan, asking for information. The focus is on potentially false or abusive tactics that target young New Yorkers. “Prediction markets
aggressively entice consumers to bet and wager on sports, politics, culture, weather and pretty much anything,” Menin says. “We
refuse to let New Yorkers, especially our young people, become collateral damage."Read the whole story at BKReader »