Baltimore sues Kalshi and Polymarket, roping Coinbase, Robinhood and Webull into the fight
Mayor Brandon Scott and the Baltimore City Council sued Kalshi, Polymarket and major trading platforms over alleged illegal sports betting.
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Kalshi is showing up inside the Prediction Markets theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
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Baltimore sues Kalshi and Polymarket for unlicensed sports betting
The lawsuits could redefine prediction markets' regulatory landscape, potentially imposing stat...
Related market context
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CFTC orders Kalshi to continue offering prediction markets in New York after state lawsuit
New York sued Kalshi last month in a bid to block it from operating sports-related prediction markets.
CFTC orders Kalshi to continue operations amid New York lawsuit
The Commodity Futures Trading Commission (CFTC) enacted its “emergency authority” yesterday and ordered prediction market Kalshi t...
CFTC invokes emergency powers to keep Kalshi operating in New York fight
The order escalates a jurisdictional fight over whether states may treat federally regulated event contracts as illegal gambling.