Kentucky Takes Legal Action Against Prediction Market Platforms
The state of Kentucky has initiated lawsuits against Kalshi and Polymarket, alleging they are operating unlicensed sports gambling services.
Editorial Staff Updated 1 day ago
3 articles tagged with "prediction markets"
The state of Kentucky has initiated lawsuits against Kalshi and Polymarket, alleging they are operating unlicensed sports gambling services.
Industry groups are lobbying Congress to pass the CLARITY Act, which would clarify the Commodity Futures Trading Commission's authority over prediction markets in sports betting.
The CFTC has filed a lawsuit against New Mexico, marking the eighth state to face such legal challenges regarding prediction market jurisdiction.