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Market
Company facing larger NYC penalty for wage law manipulation by end of 2025?
3
Resolution / Starting Odds
Uber • 33%
Lyft • 33%
Penalty amounts are equal • 34%
Official penalty announcements from NYC regulatory bodies
Story
Uber and Lyft Got Away with Denying NYC Drivers Millions by Locking Them Out to Game Wage Law
Oct 10, 2024, 09:16 PM
A Bloomberg investigation has found that Uber and Lyft got away with denying New York City drivers millions of dollars in payouts by locking them out of their apps. The ride-hailing companies allegedly manipulated their platforms to comply with a city minimum wage law by controlling when drivers could access the apps, effectively limiting their working hours. The investigation, part of 'The Big Take' series, involved crowdsourcing screenshots, monitoring surge pricing, and running financial models to reveal the devastating impact on drivers.
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