MO AG Orders Cease and Desist to Unlicensed Prediction Markets
Hanaway said the contracts amount to unlicensed sports wagering and gave the companies 30 days to comply or face enforcement action.
- On Friday, Missouri Attorney General Catherine Hanaway issued cease-and-desist orders to six online prediction market operators—Polymarket, Kalshi, Crypto.com, Novig, Underdog, and Robinhood—demanding they halt Sports 'event contracts' offered to State residents without a Sports wagering license.
- Missourians approved Amendment 2 in 2024 to legalize Sports betting, establishing a regulated market launched Dec 1, 2025, that mandates a 10% tax on gross receipts and prohibits wagering for anyone under 21.
- Hanaway argues 'event contracts' constitute unlicensed Sports wagering under Missouri Law, while companies like Polymarket contend their offerings are federally regulated financial products not subject to State Commodity Exchange Act oversight.
- Each company has 30 days to comply with State law or face legal action, with Hanaway noting that five of the six operators lack adequate safeguards to prevent Missourians under 21 from participating.
- The MGC is awaiting outcomes of Federal and State court cases to determine future regulatory actions, while officials expressed concerns that unregulated prediction markets could cause significant losses in Sports wagering tax revenue.
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Missouri AG orders Kalshi, Polymarket to stop operating prediction markets here
Attorney General Catherine Hanaway’s office has sent cease-and-desist letters to companies like Polymarket, Kalshi and Robinhood, which offer sports “event contracts” to Missouri bettors.
Missouri orders prediction markets to stop offering sports contracts
Missouri Attorney General Catherine Hanaway, a Republican, has sent cease-and-desist letters to six prediction market companies, arguing that their sports-related event contracts amount to unlicensed sports wagering under state law. The move adds Missouri to a contentious legal battle between states and the federal government over who has authority to regulate prediction markets, which allow […]
Missouri AG issues cease-and-desist orders to six prediction markets
COLUMBIA, Mo. (KMIZ) Missouri Attorney General Catherine Hanaway issued cease-and-desist orders to six online prediction market operators, demanding they stop offering sports "event contracts" to state residents without a sports wagering license, according to a Friday press release from her office. The letters were sent to Polymarket, Kalshi, Crypto.com, Novig, Underdog and Robinhood. The AG's
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