City of Baltimore Goes After Prediction Markets for Sports Betting
Baltimore authorities filed a lawsuit arguing against the CFTC’s authority over prediction market companies, in another legal action challenging claims by the federal regulator.
The City of Baltimore and its mayor, Brendan Scott, filed lawsuits against Kalshi and Polymarket over allegations that the companies violated local gambling laws. In a Thursday notice, the Baltimore mayor’s office said that the two prediction market ... [1662 chars]