New York Attorney General Letitia James filed lawsuits against Coinbase Financial Markets and Gemini Titan for operating unlicensed prediction markets.
The AG alleges both platforms allow 18‑20‑year‑old users to wager, violating the state’s minimum‑age requirement of 21 for mobile sports betting.
James seeks recovery of illegal profits, triple civil fines, customer restitution, and a ban on under‑21 wagering and college campus marketing.
The lawsuits were filed in Manhattan state court alleging violation of New York gambling laws.