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Kentucky sues Kalshi and Polymarket over sports betting contracts and names Coinbase, Robinhood and Webull, BitRss reports
- Kentucky sues Kalshi and Polymarket over sports betting contracts and names Coinbase, Robinhood and Webull, BitRss reports — Kentucky filed lawsuits against five prediction market platforms including Kalshi and Polymarket, and also named Kalshi partners Coinbase, Robinhood and Webull, alleging the platforms are operating sports wagering in the state without required authorization. The complaints add to a broader set of state challenges arguing sports event contracts are unlicensed gambling, while the operators argue the products are swaps under CFTC jurisdiction. (BitRss)
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