New York Attorney General sues Coinbase, Gemini for running 'illegal' gambling operations

22nd April, 2026

Aravind Bulusu

An investigation by the Office of the Attorney General (OAG) found that Coinbase and Gemini are running prediction markets that constitute ‘illegal, unlicensed gambling operations’.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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