Coinbase

Baltimore Kalshi Lawsuit Names Polymarket, Three Brokerages

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Baltimore Kalshi Lawsuit Names Polymarket, Three Brokerages

Baltimore filed consumer-protection suits Thursday against Kalshi and Polymarket in the Circuit Court for Baltimore City. The Kalshi complaint also names its brokerage partners Robinhood, Webull and Coinbase as defendants. The city seeks civil penalties, restitution, disgorgement and an order barring transactions from Baltimore residents. Maryland’s own enforcement against Kalshi remains paused while the Fourth … Read more

Kalshi Connecticut Loss: Injunction Denied, State Law Wins

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Judge Denies Kalshi Injunction, Backs Connecticut Law

A federal judge denied Kalshi’s bid to block Connecticut from enforcing its gambling laws against sports contracts. The court held the contracts are not swaps, leaving them outside the CFTC’s exclusive jurisdiction. The order says Congress never displaced the states’ historic police power over sports betting through Dodd-Frank. Coinbase lost a matching motion before the … Read more

CFTC Loses Bid To Shield Prediction Markets In Wisconsin

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CFTC Loses Bid To Shield Prediction Markets In Wisconsin

Judge William Griesbach denied the CFTC’s request for a preliminary injunction against Wisconsin in a 28-page decision filed July 29. The court said the agency is unlikely to prove sports event contracts are swaps or that federal law preempts Wisconsin’s gambling statute. Two days earlier the same federal plaintiffs won an injunction against Minnesota, splitting … Read more