According to CBS NEWS, Baltimore Mayor Brandon Scott and the City Council have filed a lawsuit against Kalshi, Polymarket, and their affiliated companies, accusing them of offering sports betting services without proper licensing and misleading consumers about the legality and regulatory status of their products, violating local consumer protection laws. Baltimore is seeking civil penalties against the companies and compensation for affected consumers. Both Kalshi and Polymarket deny any wrongdoing, asserting that their prediction markets are regulated by the U.S. Commodity Futures Trading Commission (CFTC) and federal laws, rather than state and local gambling regulations. The case raises a jurisdictional dispute over whether prediction markets should be regulated federally or locally. https://(wublock123.com)/news/baltimore-sues-kalshi-polymarket-illegal-sports-betting-66504