Kentucky attorney general files lawsuits against Kalshi, Polymarket and VGW
Kentucky Attorney General Russell Coleman announced lawsuits against prediction-market firms Kalshi and Polymarket, alleging they offer illegal sports wagering and misleadingly suggest they are authorised in the state. Coleman also announced a separate lawsuit against sweepstakes casino operator VGW, alleging its dual-currency model constitutes illegal gambling. The CFTC maintains that it has authority over prediction markets.
The cases challenge prediction-market and sweepstakes operators’ ability to serve customers in Kentucky.