New York seeks to ban Polymarket; lawsuit calls it an illegal gambling operation

New York moves against Polymarket, according to Decrypt

Decrypt published an article on September 24, 2026 under the headline 'New York Wants to Ban Polymarket, Lawsuit Calls It 'Illegal Gambling Operation'.' Based on that headline, the state of New York is seeking to ban Polymarket, and a lawsuit describes the platform as an illegal gambling operation.

The source material available for this report contains the headline, the publication date and the page address only. It does not include the body of the article, the text of the lawsuit, or any statement from New York officials or from Polymarket. Because of that, the details behind the headline cannot be confirmed from the material supplied here.

What the Decrypt report states

• The article was published by Decrypt on September 24, 2026.
• The headline says New York wants to ban Polymarket.
• The headline says a lawsuit calls Polymarket an illegal gambling operation.

What is confirmed

The only confirmed items are that Decrypt published an article with that headline and date, and that the headline attributes the ban effort and the 'illegal gambling operation' description to New York and to a lawsuit respectively. Everything the headline refers to is reported by Decrypt and is not independently confirmed in the available material.

What is still unclear

• Which court or authority filed the lawsuit, and who filed it.
• Which laws or rules New York is relying on.
• Whether Polymarket has responded.
• Whether any ban is in force or is still being sought.
• What happens next in the case.

These points are missing because the supplied material does not include the article text.

Sources

• Decrypt

Read also: New York sues Polymarket US, seeking to shut it down as unlicensed gambling