Kentucky breaks with Trump administration to rein in prediction markets

Prediction Markets

Kentucky’s attorney general filed three lawsuits against prediction market and gambling companies he said are operating unlicensed sports betting platforms illegally across the state.

Lawsuits filed June 17 in Franklin Circuit Court by Attorney General Russell Coleman against Polymarket, Clash and VGW allege the companies are in violation of the state’s consumer protection laws, its loss recovery act and other recently enacted rules related to prediction markets.

“Our office has a duty to stop illegal gambling in Kentucky regardless of how it’s packaged,” Coleman said in a news release.

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