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Home BlockchainPolymarket Sues Massachusetts Ahead of Looming Ban of Kalshi Sports Markets
Blockchain

Polymarket Sues Massachusetts Ahead of Looming Ban of Kalshi Sports Markets

by Decrypt
written by Decrypt 0 comments
Polymarket Sues Massachusetts Ahead of Looming Ban of Kalshi Sports Markets

In brief

  • Polymarket has sued Massachusetts in federal court, arguing the state lacks authority to regulate prediction markets.
  • Courts in Massachusetts and Nevada have moved to temporarily ban sports-related prediction markets.
  • The fight has escalated into a federal-state showdown.

Polymarket went on the offensive Monday in the ongoing battle of prediction markets against Massachusetts regulators, claiming in a federal lawsuit that the state lacks authority to regulate its platform.

Last month, a…

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