Contested. Polymarket says it accepts New York. New York has acted against Polymarket: new York AG James and Gov. Hochul announced a lawsuit against QCX LLC d/b/a Polymarket US for running an illegal, unlicensed gambling operation.
Polymarket and the alternatives in New York
What the law says
24 SEP 2026New York AG James and Gov. Hochul announced a lawsuit against QCX LLC d/b/a Polymarket US for running an illegal, unlicensed gambling operation. ag.ny.gov ↗
11 AUG 2026SDNY (Judge McMahon) denied Novig's (Ludlow Exchange) application for a TRO against New York enforcement and set a full briefing and 11 Sep argument schedule. storage.courtlistener.com ↗
31 JUL 2026Gov. Hochul and AG James announced New York sued KalshiEX in state court for running an illegal gambling operation through its prediction market platform. governor.ny.gov ↗
7 JUL 2026SDNY (Judge Torres) denied Kalshi's motion for a preliminary injunction against New York gambling-law enforcement of its sports event contracts (KalshiEX v. Williams, 1:25-cv-08846). storage.courtlistener.com ↗
24 APR 2026CFTC and DOJ sued New York in S.D.N.Y. (US v. New York, 1:26-cv-03404), CFTC release 9218-26. cftc.gov ↗
24 OCT 2025New York State Gaming Commission sent KalshiEX LLC a letter demanding it cease and desist operating an unlicensed mobile sports wagering platform in New York. gaming.ny.gov ↗