QCX LLC (d/b/a Polymarket US) v. James

Filed; no ruling2d Cir.Platform v. State

Docket last checked September 25, 2026. Snapshot — not legal advice.

As of September 25, 2026, New York has a restriction on prediction-market platforms currently in effect. New York status and cases →

Overview

Polymarket US’s own suit against New York, the counterpart to the Attorney General’s petition against it, filed the same day, September 24, 2026, alongside its removal of that petition to federal court. The complaint seeks a declaration under the Supremacy Clause that the Commodity Exchange Act preempts the state constitution’s gambling clause, the Penal Law’s gambling offenses and the Racing Law’s sports-wagering provisions as applied to its designated contract market, and an injunction against enforcing them.

It pleads imminent enforcement from the state’s own record: the Attorney General’s earlier petitions against Kalshi, Coinbase and Gemini, and her February 2026 consumer alert calling prediction markets “unregulated gambling.” It lands in the same district as Kalshi v. Williams, where the court held that the Commodity Exchange Act does not preempt New York’s gambling law. No ruling. (Caption, parties and claims read from the complaint, ECF No. 1.)

Changes

Logged September 25, 2026

  • New case

    Polymarket US sued New York’s Attorney General and the eight Gaming Commission officials in federal court for a declaration that the Commodity Exchange Act preempts state enforcement against its event contracts, the same day the Attorney General petitioned against it.

    Complaint, QCX LLC v. James, 1:26-cv-08345 (S.D.N.Y.), ECF 1

Timeline

September 24, 2026

QCX LLC (Polymarket US) files a preemption suit for declaratory and injunctive relief, the same day it removes the Attorney General’s petition against it.

What's next: Service and a response from the state. No injunction motion is on the docket yet.

Parties

Plaintiffs

  • QCX LLC d/b/a Polymarket US

Defendants

  • Letitia James (New York Attorney General)
  • Brian O’Dwyer, Peter J. Moschetti, Jr., John A. Crotty, Sylvia B. Hamer, Martin J. Mack, Marissa Shorenstein and Jerry Skurnik (New York State Gaming Commission)
  • Robert Williams (Executive Director, New York State Gaming Commission)
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