City of Baltimore goes after prediction markets for sports betting
60-second summary
The city of Baltimore is taking action against prediction markets for sports betting, alleging violations of gambling laws and deceptive trade practices. The complaint targets Kalshi, a prediction market platform, and its partners, including Robinhood, Webull, and Coinbase. The move aims to regulate the industry and protect consumers from potential exploitation.
The city’s complaint over gambling laws and deceptive trade practices included Robinhood, Webull and Coinbase as partners with prediction market platform Kalshi.