Baltimore claims Kalshi, Polymarket run illegal sportsbooks

BALTIMORE (CN) — The city of Baltimore sued Kalshi and Polymarket on Thursday, lcaiming their rapidly growing prediction markets constitute sports gambling without obeying Maryland gambling laws. “These companies are running sportsbooks without licenses and betting that a new label will put them above the law,” Baltimore Mayor Brandon M. Scott said in a press release Thursday. Baltimore will not let multibillion-dollar companies put profits over people and harm our communities through illegal gambling. ” While regulation of sports betting has primarily been relegated to individual U.