Kentucky AG Sues Prediction Markets, Online Casinos Over Illegal Gambling
In Franklin Circuit Court, lawsuits have been filed against prediction market companies Kalshi and Polymarket, cryptocurrency platform Coinbase, and online casino operator VGW, which operates Chumba Casino, Global Poker, and LuckyLand Slots. These legal actions allege violations of Kentucky’s Consumer Protection Act, the Loss Recovery Act, and state gambling laws. Specifically, Kalshi and Polymarket are accused of offering unlicensed sports betting and failing to provide mandated responsible gambling resources, while VGW faces claims of operating illegal sweepstakes-style online casinos. These lawsuits come as a new state law regulating sports wagering is set to take effect on July 15.
John Q. Hosedrinker