Rhode Island attorney general sues Kalshi and Polymarket over event contracts
Rhode Island Attorney General Peter F. Neronha announced a lawsuit against Kalshi and Polymarket, alleging their sports event contracts fall under state gambling laws. His office argues that contracts on match outcomes and player performances are not substantively different from sports betting and seeks to stop the companies and recover their profits.
The lawsuit challenges whether event contracts are subject to Rhode Island's sports-gambling rules.