New York defies Trump admin, asks court to shut down Polymarket gambling

Attorney General Letitia James and Governor Kathy Hochul have filed a lawsuit against Polymarket, alleging the prediction market operates as an illegal gambling operation without a license. New York officials are asking the court to shut down the platform, claiming it violates state gambling laws. This legal action occurs as the Trump admin attempts to override these state regulations, positioning the New York government in direct defiance of the federal administration's approach to such markets.