Rhode Island Challenges Prediction Markets in Court
Rhode Island has launched legal action against prediction market operators Kalshi and Polymarket, escalating the growing national dispute over whether sports-related event contracts should be treated as financial products or illegal sports betting. Attorney General Peter F. Neronha announced that Rhode Island filed a lawsuit in Superior Court seeking a declaration that sports event contracts offered by the two companies fall under the state’s gambling laws. The filing also seeks to block the platforms from continuing to offer sports-related contracts to Rhode […] The post Rhode Island Challenges Prediction Markets in Court appeared first on World Casino News.
Rhode Island has launched legal action against prediction market operators Kalshi and Polymarket, escalating the growing national dispute over whether sports-related event contracts should be treated as financial products or illegal sports betting. Attorney General Peter F. Neronha announced that Rhode Island filed a lawsuit in Superior Court seeking a declaration that sports event contracts offered by the two companies fall under the state’s gambling laws. The filing also seeks to block the platforms from continuing to offer sports-related contracts to Rhode […]
The post Rhode Island Challenges Prediction Markets in Court appeared first on World Casino News.
