Prediction market operator Kalshi has filed a lawsuit against the state of Illinois, seeking to block new taxes and licensing requirements that would classify the company as a sports betting operator beginning July 1.
A new lawsuit has been filed against DraftKings, claiming the company’s “defective product” creates gambling addicts.
Polymarket is facing a new lawsuit over allegations of deceptive marketing practices.
Kalshi is suing Illinois to block the state’s plan to require prediction markets operators to get licenses and pay taxes, set to start next week.
New Mexico Attorney General Raúl Torrez filed a state court lawsuit against Kalshi for allegedly offering illegal sports event contracts, resembling online sports betting.
The rivalry between Polymarket and Kalshi is intensifying, with Polymarket compiling a copycat dossier alleging idea theft by Kalshi. Both companies have filed lawsuits, with Polymarket suing Minnesota following Kalshi’s lead.
A Sportradar shareholder has filed a lawsuit against the company over its alleged ties to illegal gambling.
