Kentucky sues Kalshi, Polymarket for 'unlicensed sports betting'

Kentucky Attorney General Russell Coleman has sued prediction market platforms Kalshi and Polymarket for allegedly offering unlicensed sports betting services, CoinDesk reported. The move makes Kentucky the latest state to push back against the expanding prediction market industry. Like other states, Kentucky argues that these event contract-based platforms operate without the necessary state licenses. A statement also noted that related service providers such as Coinbase, Robinhood, and Webull do not offer support systems for gambling addiction.