Kentucky Sues Kalshi, Polymarket as Prediction Market Legal Battle Swells – Decrypt
In brief Kentucky sued Kalshi and Polymarket, alleging they operate illegal sports betting platforms. The platforms argue their contracts fall under CFTC oversight, a position backed by the Trump administration. The growing state-federal legal fight is expected to ultimately be decided by the U.S. Supreme Court. Kentucky became the latest state to sue prediction market...
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