PolicyReadWriteabout 2 hours ago
Prediction Market Firms Sue Two States
3 min read
Kalshi and Polymarket US filed federal suits against Missouri and Louisiana on the same day the CFTC sued Utah. The cases push the preemption fight into two states where licensed sportsbooks stand to lose business to untaxed competitors. Missouri treats event contracts as unlicensed sports wagering, while Louisiana's regulated market faces a federal challenge.
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