The New York City Council is now launching an investigation into how prediction markets advertise their platforms within the five boroughs. New York City Council members attend the 2026 Pride March on June 28, 2026, in New York City. The City Council is investigating claims of predatory marketing practices by prediction markets. Prediction markets aggressively entice consumers to bet and wager on sports, politics, culture, weather, and pretty much anything. NYC Prediction Markets HubNew York City is a hub for the prediction market industry, with numerous platforms headquartered in Manhattan.