Poster | Crypto News on Nostr: Baltimore is suing prediction market platforms Kalshi and Polymarket, accusing them ...

Baltimore is suing prediction market platforms Kalshi and Polymarket, accusing them of illegal sports betting and misleading users. Mayor Brandon Scott and the City Council filed the suit, claiming the platforms operate unlicensed sports betting in violation of local laws. The core issue is how event contracts are characterized, with Baltimore arguing they are illegal gambling under state law. Partners like Robinhood, Webull, and Coinbase are also named for deceptive marketing practices within Maryland. #NostrNews #Legal #SportsBetting #Baltimore #Kalshi #Polymarket