According to Wu, New York City Council Speaker Julie Menin has announced an investigation into major prediction market platforms, focusing on whether their marketing and advertising practices in NYC involve false, deceptive, or abusive tactics, and whether they target minors or individuals with addictive tendencies. The City Council has sent letters to Polymarket, Kalshi, Coinbase, and Gemini Titan, requesting information on their marketing activities and plans to hold a hearing. The NYC Council stated that it will specifically investigate whether Polymarket uses or allows social media influencers to attract young users to participate in event contract trading through undisclosed promotions, fabricated profit transactions, or imitation Polymarket websites. https://(wublock123.com)/news/nyc-council-investigates-polymarket-kalshi-coinbase-gemini-prediction-markets-66384