Missouri Hits Polymarket and Kalshi With Cease-and-Desist Orders
Missouri Attorney General Catherine Hanaway stressed that prediction markets could not label sports bets as event contracts to skirt law compliance. The state sent letters to Polymarket, Kalshi, Crypto.com, Novig, Underdog, and Robinhood calling on them to stop offering these products to Missourians or face enforcement actions. Missouri Sends Cease-and-Desist Letters to Prediction Market Platforms […]
Key Takeaways
- Missouri Attorney General Catherine Hanaway stressed that prediction markets could not label sports bets as event contracts to skirt law compliance.
- The state sent letters to Polymarket, Kalshi, Crypto.com, Novig, Underdog, and Robinhood calling on them to stop offering these products to Missourians or face enforcement actions.
- Missouri Sends Cease-and-Desist Letters to Prediction Market Platforms […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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