Baltimore sues Kalshi and Polymarket, roping Coinbase, Robinhood and Webull into the fight

60-second summary

Baltimore's Mayor Brandon Scott and the City Council are suing Kalshi, Polymarket, and major trading platforms Coinbase, Robinhood, and Webull, alleging illegal sports betting. The lawsuit targets the platforms for facilitating unregulated betting on sports events. The city seeks to stop the alleged illegal activities and impose unspecified penalties, potentially impacting the platforms' operations nationwide.