Polymarket Takes Ohio to Federal Court, Citing New CFTC Rules After Kalshi's Appeals Loss

Polymarket Takes Ohio to Federal Court, Citing New CFTC Rules After Kalshi's Appeals Loss

Polymarket US filed suit on the day Ohio's compliance deadline ran out, arguing that the CFTC's Oct. 9 rulemaking and the Commerce Clause put its sports contracts beyond the state's reach.

Polymarket US sues Ohio over sports contracts enforcement

Polymarket's lawsuit could redefine state vs. federal jurisdiction in prediction markets, impacting regulatory approaches and market operations.

Polymarket US Sues Ohio to Block Sports-Contract Crackdown

The exchange seeks preliminary and permanent injunctions after Ohio demanded an immediate halt to sports contracts and written confirmation of compliance by Oct. 16.

Polymarket calls Ohio sports betting rules discriminatory, unconstitutional in suit

KEY TAKEAWAYS Polymarket petitioned a federal court for an injunction against Ohio in recent days, arguing that the state’s attempt to protect its online sports betting market by taking enforcement action against prediction markets is discriminatory and unconstitutional. “Ohio’s threatened enforcement through its protectionist licensing regime violates the U.S. Constitution’s Commerce Clause and is preempted […]