New York Sues Kalshi as States Press Sports-Betting Fight Against Prediction Markets
Baltimore filed consumer protection lawsuits on Aug. 13 against Kalshi Inc. and Polymarket, alleging the platforms operate illegal, unlicensed sportsbooks…
Tag: Baltimore
CFTC Innovation Committee Meeting Puts Kalshi’s State-Law Fight Back in Washington’s View
President Trump and CFTC Chair Mike Selig are set to meet with Kalshi and Polymarket executives August 20 at the…
New York’s $36 Billion Kalshi Case Tests State Gambling Law Against CFTC Oversight
The CFTC on August 11 used Section 8a(9) emergency authority, invoked only seven times in agency history and not since…
JPMorgan Cut Polymarket Banking Relationship After CFTC Reentry Approval
JPMorgan told Polymarket to find a new bank in October 2025, citing regulatory exposure from the platform's then-unresolved CFTC status.…
New York’s $36 Billion Kalshi Suit Puts CFTC Preemption Fight Back in Court
The CFTC's August 11 emergency order to Kalshi to keep operating in New York, its second such intervention in a…