Kentucky Sues Kalshi and Polymarket, Escalating Regulatory Dispute Over Prediction Markets

TechFlow News, June 18: According to CoinDesk, the Kentucky Attorney General filed a lawsuit against prediction market platforms Kalshi and Polymarket, accusing them of offering illegal sports betting services without proper licensing in the state. The complaint also alleges that the platforms and their partners failed to provide gambling addiction support resources as required under state law. This action places Kentucky among several states that have taken legal action against prediction market platforms.