Robinhood

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

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