Baltimore Takes Legal Action Against Prediction Markets Over Sports Betting
The City of Baltimore has filed a lawsuit against prediction market platforms Kalshi and Polymarket, along with trading giants Coinbase, Robinhood, and Webull, alleging illegal sports betting practices. This legal action highlights concerns over compliance with gambling laws and deceptive trade practices.
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City of Baltimore goes after prediction markets for sports betting
The city’s complaint over gambling laws and deceptive trade practices included Robinhood, Webull and Coinbase as partners with prediction market platform Kalshi.
Baltimore sues Kalshi and Polymarket, roping Coinbase, Robinhood and Webull into the fight
Mayor Brandon Scott and the Baltimore City Council sued Kalshi, Polymarket and major trading platforms over alleged illegal sports betting.

