New York Attorney General Letitia James has filed a lawsuit against Polymarket, alleging the company operates an illegal gambling platform that bypasses state regulations. The suit claims Polymarket exploits a loophole to avoid gambling laws and taxes, similar to a recent case against Kalshi. The lawsuit seeks forfeiture of illegal profits, restitution, and fines triple the earnings from these actions. This legal challenge highlights ongoing scrutiny of prediction markets and their regulatory status in New York.
The lawsuit against Polymarket for alleged illegal gambling operation provides context for market activity. For readers following US stocks, here is Pluang's market snapshot as of Sep 24, 2026 21:01 WIB: Of 150 priced US stocks tradable on Pluang, 54 rose and 96 fell today. Notable movers include SE (Sea Limited) at USD 100.53 with a 1-day change of -2.67% and a typical hold time of 101 days, QCOM (QUALCOMM, Inc.) at USD 191.98 down 2.67% with an 88-day hold, and LCID (Lucid Group Inc) at USD 4.05 down 2.64% with a 44-day hold. Pluang order activity showed heavy selling interest in these stocks, with SE at 81% sell, QCOM at 79% sell, and LCID at 86% sell.
Analysts have mixed views on VICI Properties, a REIT focused on gaming and hospitality properties, with some lowering price targets due to refinancing costs and rent growth limits. Despite these concerns, the company maintains strong fundamentals inc...
Roth Capital upgraded Okta's price target from $155 to $235 and maintained a Buy rating following the company's new AI agent identity strategy unveiled at its Investor Summit. Okta aims to expand beyond traditional identity management by securing AI ...
Vecima Networks reported strong quarterly results with revenue of $64.04 million, surpassing the $55.69 million estimate, and earnings per share of $0.15, beating the $0.14 forecast. The company, a broadband technology provider for cable and fiber op...
Bernstein upgraded Dollar General to "Outperform" due to its strategic initiatives targeting budget shoppers and expanding seasonal product offerings, especially affordable toys. The company is also growing its DG Media Network, which generates signi...
TD SYNNEX reported quarterly earnings per share of $5.68, surpassing analyst estimates of $4.70 by 22.41%, and revenue of $21.56 billion, beating estimates by 14.81%. This strong performance reflects a 37.7% revenue increase year-over-year, driving t...
