Published Aug 13, 2026, 12:37 PM ET · Updated 3 months ago · 1 source
THE BLOCK: The city of Baltimore is suing prediction market platforms Kalshi and Polymarket, alleging their sports event contracts amount to illegal, unlicensed gambling. "These companies are running sportsbooks without licenses and betting that a new label will put them above the law," Mayor Brandon Scott said.
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Original Report
THE BLOCK: The city of Baltimore is suing prediction market platforms Kalshi and Polymarket, alleging their sports event contracts amount to illegal, unlicensed gambling. "These companies are running sportsbooks without licenses and betting that a new label will put them above the law," Mayor Brandon Scott said.