Baltimore Sues Kalshi and Polymarket Over Alleged Illegal Sports Betting
The city says the prediction-market operators disguised sports bets as event contracts and skirted Maryland licensing rules.
The city says the prediction-market operators disguised sports bets as event contracts and skirted Maryland licensing rules.
More than 240 comments opposed facial scans and fingerprint checks as staff rewrote the proposal before its next review.
A World Cup-fuelled rebound lifted revenue above $214 million and sent the state more than $109 million in tax.
The challenge says Act 247 violates the state constitution’s gambling ban and gives tribes an unlawful statewide privilege.
June handle fell 20% from May, while iGaming accounted for most of the state’s $341.3 million in combined receipts.
The sportsbook and casino still take debit cards, bank transfers, PayPal and Venmo as the market shifts away from card-funded betting.
iGaming and sports betting generated 51.3% of regulated gaming revenue as the state’s gambling tax and fee return reached $3.1 billion
Betting topped $917 million, but NBA Finals and World Cup payouts left the state’s hold at about 6.2%.
State report also puts 4% near disorder criteria and says weekly gambling has risen since FY2022-23
The rule would leave debit cards and bank transfers untouched, but it still needs two more state approvals.
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