Kentucky Attorney General Files Lawsuits Against Kalshi, Polymarket,
Kentucky Attorney General Russell Coleman has filed three lawsuits in Franklin Circuit Court targeting alleged illegal sports betting and online gambling operations in the state.
Kentucky Attorney General Russell Coleman has filed three lawsuits in Franklin Circuit Court targeting alleged illegal sports betting and online gambling operations in the state.
Days after being sued by a prediction markets coalition, Kentucky's attorney general launched three new lawsuits targeting 'illegal sports betting and gambling' offered by Kalshi, Polymarket, and VGW.
Kentucky has become the latest state to sue prediction market players like Kalshi and Polymarket, accusing them of operating illegal sportsbooks.
A coalition of leading prediction market operators has sued Kentucky officials over the state’s plan to begin taxing event contracts.
A coalition of prediction market operators, including Kalshi, Crypto.com and Polymarket, has sued Kentucky over a newly enacted tax on prediction market transactions, arguing that the levy is discriminatory and conflicts with federal law.
Kalshi’s legal team continues to have a heavy workload as the prediction market’s proceedings expand with new lawsuits in New Mexico and Kentucky.