Now Polymarket is launching a Free Grocery Store

Marketing

Polymarket has announced that it, too, would be entering the grocery game. The prediction market said that after “months of planning” — including the purported signing of a lease and construction — it would be opening a free grocery market from Feb. 12 to Feb. 16.

Polymarket declined to comment on where the store would be located. But the gambling site did say that it is also donating $1 million to Food Banks for NYC.

A Polymarket spokesperson said founder and CEO Shayne Coplan helped launch the project as a “reinvestment” into the New York City community.

The free grocery stunts from the gambling sites come as a newly introduced bill in Albany could establish more regulations for prediction markets. And New York Attorney General Letitia James put out a warning ahead of the Super Bowl on the dangers of sports betting sites.

“I’m also warning the prediction market industry that unlicensed sports wagering violates New York’s laws and could face civil and criminal liability,” James said in a statement. “My office will always defend New Yorkers and enforce the laws of our state.”

An estimated 1.2 million people in New York City are classified as food insecure, and the city’s poverty rate is twice the national average, according to the most recently reported city data. And more than a third of adults in New York City live in a household that is at risk for food insecurity.

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