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Kentucky lawsuits target Kalshi, Polymarket and three brokerage partners over sports contracts
- Kentucky lawsuits target Kalshi, Polymarket and three brokerage partners over sports contracts — Kentucky alleges Polymarket and Kalshi are operating unlicensed sports wagering in the state, and its complaints also name Kalshi partners Coinbase, Robinhood and Webull. The operators argue their event contracts are swaps under federal Commodity Futures Trading Commission jurisdiction, while the state treats them as gambling requiring a local license. (BitRss)
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