Baltimore City Sues Prediction Markets Over Alleged Illegal Sports Betting
Baltimore City has sued prediction market operators Kalshi and Polymarket, alleging the companies illegally offer sports betting while avoiding Maryland’s licensing, taxation, and consumer protection requirements. Last week, Mayor Brandon Scott and the Baltimore City Council filed separate lawsuits against Kalshi, Polymarket, and their affiliated companies in the Baltimore City Circuit Court. The City alleges both companies violated its Consumer Protection Ordinance by offering unlicensed sports wagering and misleading consumers about the legality and regulatory…