Polymarket Sues Massachusetts, Claims States Lack Authority Over Prediction Markets
Polymarket has initiated a federal lawsuit against Massachusetts, asserting that only federal authorities have jurisdiction over its prediction markets, not state regulators. This legal action aims to prevent Massachusetts from enforcing its regulations on the platform, potentially setting a precedent for how prediction markets are governed in the U.S.
Polymarket said Monday it has filed a federal lawsuit against Massachusetts, arguing that only federal regulators—not individual states—have authority over its event-based prediction markets. Polymarket Seeks Federal Ruling to Block Massachusetts Enforcement Polymarket’s chief legal officer, Neal Kumar, disclosed the action in a post on X, saying the company is seeking to block Massachusetts from […]
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