Let’s do a quick recap of the week that was. Polymarket sued Minnesota a day before New Mexico sued Kalshi, Illinois unveiled plans for a prediction markets per-wager tax, and the Department of Justice is investigating George Santos.
It was a busy week in the prediction markets landscape with significant legal actions taking place. Polymarket made headlines by suing Minnesota, closely followed by New Mexico's lawsuit against Kalshi. Meanwhile, Illinois made waves by revealing its intentions to implement a per-wager tax on prediction markets. In another development, the Department of Justice's investigation into George Santos added an element of intrigue to the industry.
