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Baltimore sues Kalshi and Polymarket over sports event contracts, BitRss reports
- Baltimore sues Kalshi and Polymarket over sports event contracts, BitRss reports — The City of Baltimore, led by Mayor Brendan Scott, has filed legal actions against Kalshi and Polymarket arguing both companies are effectively running sports-betting operations without the required licenses under Maryland law and misrepresented the legal status of their products to users. The Kalshi complaint also names distribution partners Robinhood, Webull and Coinbase, adding to the broader federal-versus-state dispute over prediction market jurisdiction. (BitRss)
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