The battle between sportsbooks and prediction markets continues, in the form of states and local governments attempting to shut down what arguably amounts to unlicensed bookmaking.
Via Mikenzie Frost of Fox 45, Baltimore is suing Kalshi and Polymarket for offering sports betting without a license.
Baltimore alleges that this practice allows the companies “to compete with regulated sportsbooks while avoiding the oversight, taxation, responsible-gambling requirements.”
It’s the latest front in the ongoing nationwide fight to regulate prediction markets, which in theory are exclusively within the purview of the federal government.
And the issue…
Read the full article at NBCSPORTS.COM
