{"id":1044,"date":"2026-05-23T21:06:12","date_gmt":"2026-05-23T21:06:12","guid":{"rendered":"https:\/\/bostonrelocationinsider.com\/?p=1044"},"modified":"2026-05-23T21:06:12","modified_gmt":"2026-05-23T21:06:12","slug":"r-i-attorney-general-sues-kalshi-polymarket-alleging-prediction-market-operators-skirted-sports-betting-laws","status":"publish","type":"post","link":"https:\/\/bostonrelocationinsider.com\/?p=1044","title":{"rendered":"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws"},"content":{"rendered":"<article>\n<div>\n<p><span>PROVIDENCE \u2014 Rhode Island Attorney General Peter F. Neronha is suing Kalshi and Polymarket, alleging the prediction market operators have conducted sports betting on their platforms while skirting the state\u2019s gambling laws.<\/span><\/p>\n<p>Read more <a href=\"https:\/\/bostonrelocationinsider.com\/?p=1042\">Nuri Gutman\u2019s return inspires Latin Academy baseball to end English\u2019s three-year Boston City League run<\/a><\/p>\n<p><span>In the lawsuit filed in Providence County Superior Court on Thursday, Neronha\u2019s office asked the court to declare that the two company\u2019s sports-related \u201cevent contracts\u201d \u2014 which allow users to place wagers on the outcomes of sporting events and player performances \u2014 are essentially sports betting operations that are subject to follow the state\u2019s gambling regulations.<\/span><\/p>\n<p><span>\u201cThere is no substantive difference between sports betting and \u2018events contracts\u2019 in this context; Kalshi and Polymarket know that, and we know that,\u201d Neronha said in a statement. \u201cThe problem here is that Rhode Island State law heavily regulates gambling, for good reason, and we allege that Kalshi and Polymarket are evading our laws.\u201d<\/span><\/p>\n<\/div>\n<div>\n<div>\n<div>\n<div><span>Get Rhode Island News Alerts<\/span><\/div>\n<div><span>Sign up to get breaking news and interesting stories from Rhode Island in your inbox each weekday.<\/span><\/div>\n<div>\n<div><label>Enter Email<\/label><\/p>\n<div><button>Sign Up<\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><span>Related<span>: <\/span><\/span>Raynham man sues Kalshi after losing \u2018tens of thousands\u2019 on sports bets<\/div>\n<p><span>New York-based Kalshi was apparently anticipating the lawsuit. The company filed its own lawsuit against Neronha and other state officials in US District Court in Providence on Thursday, asking a judge to block Rhode Island\u2019s \u201cintrusion into the federal government\u2019s exclusive authority to regulate derivatives trading.\u201d<\/span><\/p>\n<p><span>\u201cAs other courts have recognized, Kalshi is a regulated, nationwide exchange for real-world events, and it\u2019s subject to exclusive federal jurisdiction,\u201d Elisabeth Diana, a spokesperson for Kalshi, wrote in an email on Friday. \u201cIt\u2019s fundamentally different from what state-regulated sportsbooks and casinos offer their customers. We are confident in our legal arguments.\u201d<\/span><\/p>\n<p><span>The lawsuits come as states across the nation have attempted to regulate the increasingly popular online prediction markets. The platforms operate similar to financial futures markets to allow participants to buy and sell \u201cevent contracts\u201d based on their expectations on the outcomes of everything from sports games to elections.<\/span><\/p>\n<p><span>In January, a Massachusetts judge granted a preliminary injunction to bar Kalshi from conducting business in the state after Attorney General Andrea Campbell sued the company in September. But the injunction has not taken hold as Kalshi has appealed the decision.<\/span><\/p>\n<p><span>Meanwhile, a judge in Nevada in April extended the state\u2019s ban on Kalshi, Reuters reported, and earlier this week, Minnesota passed legislation to ban prediction markets there.<\/span><\/p>\n<p><span>Still, some other states have faced an uphill battle. In April, a federal judge temporarily blocked Arizona from applying its gambling laws against market operators, the Associated Press reported. The federal government has sued the state as well as Connecticut and Illinois, arguing the Commodity Futures Trading Commission regulates such companies, not state agencies.<\/span><\/p>\n<p>Read more <a href=\"https:\/\/bostonrelocationinsider.com\/?p=1040\">Ebola outruns containment in eastern Congo as contact tracing falters<\/a><\/p>\n<p><span>Reached for comment about Rhode Island\u2019s lawsuit on Friday, a spokesperson for Polymarket said, \u201cThis action runs counter to the CFTC\u2019s established framework for regulating prediction markets.\u201d<\/span><\/p>\n<p><span>Still, Neronha argues the Rhode Island Lottery is authorized to regulate online sports wagering. Kalshi and Polymarket \u201clack any of the necessary prerequisites to carrying out a legal gambling operation in Rhode Island \u2014 such as the constitutionally-mandated voter approvals and the required relationship with the Rhode Island Lottery, including but not limited to license and state oversight,\u201d the lawsuit states.<\/span><\/p>\n<p><span>Since sports betting was legalized in the state in 2019, it has brought $2.8 billion in revenue \u2014 money Rhode Island \u201cdepends heavily on,\u201d Neronha\u2019s office said. With the rise of prediction markets, the lottery saw bets drop by about 8 percent between 2024 and 2025, officials said.<\/span><\/p>\n<p><span>\u201cRhode Islanders are losing out,\u201d Neronha said. \u201cWhile these private companies continue to profit exponentially off hard-working people, the State\u2019s third largest revenue stream is detrimentally affected, which means less money to fund critical parts of programs that serve Rhode Islanders every day.\u201d<\/span><\/p>\n<p><span>Additionally, Neronha said the platforms are providing people suffering with gambling addiction \u201cunfettered access\u201d to placing bets.<\/span><\/p>\n<p><span>\u201cWe demand Kalshi and Polymarket stand down, abide by our state laws, and disgorge their profits, and this lawsuit is the first step towards that goal,\u201d Neronha said. <\/span><\/p>\n<p><span>In its lawsuit, Kalshi contends its operations adhere to federal laws and state gambling laws that seek to regulate it are \u201cpreempted,\u201d citing recent federal court rulings.<\/span><\/p>\n<p><span>\u201cThe State\u2019s efforts to regulate Kalshi are preempted under principles of express preemption, field preemption, and conflict preemption,\u201d the lawsuit states. \u201cThis Court should therefore issue temporary, preliminary and permanent injunctions, as well as grant declaratory relief.\u201d <\/span><\/p>\n<p>Read more <a href=\"https:\/\/bostonrelocationinsider.com\/?p=1038\">Roxbury\u2019s Black Market began with a promising vision but will close at month\u2019s end<\/a><\/p>\n<p><span><i>This story has been updated to include comment from Polymarket.<\/i><\/span><\/p>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Kalshi has filed a federal lawsuit against Rhode Island officials, arguing the company is only subject to federal regulations.<\/p>\n","protected":false},"author":1,"featured_media":1043,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws - Boston Relocation Insider<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bostonrelocationinsider.com\/?p=1044\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws - Boston Relocation Insider\" \/>\n<meta property=\"og:description\" content=\"Kalshi has filed a federal lawsuit against Rhode Island officials, arguing the company is only subject to federal regulations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bostonrelocationinsider.com\/?p=1044\" \/>\n<meta property=\"og:site_name\" content=\"Boston Relocation Insider\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-23T21:06:12+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/#\\\/schema\\\/person\\\/c08a982d5d5e7124cea9158df226037e\"},\"headline\":\"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws\",\"datePublished\":\"2026-05-23T21:06:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044\"},\"wordCount\":816,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/890d7ac1d2841cefd435663a374ff169.avif\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044\",\"url\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044\",\"name\":\"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws - Boston Relocation Insider\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/890d7ac1d2841cefd435663a374ff169.avif\",\"datePublished\":\"2026-05-23T21:06:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/#\\\/schema\\\/person\\\/c08a982d5d5e7124cea9158df226037e\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044#primaryimage\",\"url\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/890d7ac1d2841cefd435663a374ff169.avif\",\"contentUrl\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/890d7ac1d2841cefd435663a374ff169.avif\",\"width\":1440,\"height\":960},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?p=1044#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/#website\",\"url\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/\",\"name\":\"Boston Relocation Insider\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/#\\\/schema\\\/person\\\/c08a982d5d5e7124cea9158df226037e\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/bostonrelocationinsider.com\"],\"url\":\"https:\\\/\\\/bostonrelocationinsider.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws - Boston Relocation Insider","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bostonrelocationinsider.com\/?p=1044","og_locale":"en_US","og_type":"article","og_title":"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws - Boston Relocation Insider","og_description":"Kalshi has filed a federal lawsuit against Rhode Island officials, arguing the company is only subject to federal regulations.","og_url":"https:\/\/bostonrelocationinsider.com\/?p=1044","og_site_name":"Boston Relocation Insider","article_published_time":"2026-05-23T21:06:12+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bostonrelocationinsider.com\/?p=1044#article","isPartOf":{"@id":"https:\/\/bostonrelocationinsider.com\/?p=1044"},"author":{"name":"admin","@id":"https:\/\/bostonrelocationinsider.com\/#\/schema\/person\/c08a982d5d5e7124cea9158df226037e"},"headline":"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws","datePublished":"2026-05-23T21:06:12+00:00","mainEntityOfPage":{"@id":"https:\/\/bostonrelocationinsider.com\/?p=1044"},"wordCount":816,"commentCount":0,"image":{"@id":"https:\/\/bostonrelocationinsider.com\/?p=1044#primaryimage"},"thumbnailUrl":"https:\/\/bostonrelocationinsider.com\/wp-content\/uploads\/2026\/05\/890d7ac1d2841cefd435663a374ff169.avif","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/bostonrelocationinsider.com\/?p=1044#respond"]}]},{"@type":"WebPage","@id":"https:\/\/bostonrelocationinsider.com\/?p=1044","url":"https:\/\/bostonrelocationinsider.com\/?p=1044","name":"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws - Boston Relocation Insider","isPartOf":{"@id":"https:\/\/bostonrelocationinsider.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bostonrelocationinsider.com\/?p=1044#primaryimage"},"image":{"@id":"https:\/\/bostonrelocationinsider.com\/?p=1044#primaryimage"},"thumbnailUrl":"https:\/\/bostonrelocationinsider.com\/wp-content\/uploads\/2026\/05\/890d7ac1d2841cefd435663a374ff169.avif","datePublished":"2026-05-23T21:06:12+00:00","author":{"@id":"https:\/\/bostonrelocationinsider.com\/#\/schema\/person\/c08a982d5d5e7124cea9158df226037e"},"breadcrumb":{"@id":"https:\/\/bostonrelocationinsider.com\/?p=1044#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bostonrelocationinsider.com\/?p=1044"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bostonrelocationinsider.com\/?p=1044#primaryimage","url":"https:\/\/bostonrelocationinsider.com\/wp-content\/uploads\/2026\/05\/890d7ac1d2841cefd435663a374ff169.avif","contentUrl":"https:\/\/bostonrelocationinsider.com\/wp-content\/uploads\/2026\/05\/890d7ac1d2841cefd435663a374ff169.avif","width":1440,"height":960},{"@type":"BreadcrumbList","@id":"https:\/\/bostonrelocationinsider.com\/?p=1044#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bostonrelocationinsider.com\/"},{"@type":"ListItem","position":2,"name":"R.I. attorney general sues Kalshi, Polymarket alleging prediction market operators skirted sports betting laws"}]},{"@type":"WebSite","@id":"https:\/\/bostonrelocationinsider.com\/#website","url":"https:\/\/bostonrelocationinsider.com\/","name":"Boston Relocation Insider","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bostonrelocationinsider.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/bostonrelocationinsider.com\/#\/schema\/person\/c08a982d5d5e7124cea9158df226037e","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/bostonrelocationinsider.com"],"url":"https:\/\/bostonrelocationinsider.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=\/wp\/v2\/posts\/1044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1044"}],"version-history":[{"count":0,"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=\/wp\/v2\/posts\/1044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=\/wp\/v2\/media\/1043"}],"wp:attachment":[{"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bostonrelocationinsider.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}