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A coalition including Kalshi, Crypto.com, and Polymarket filed a lawsuit Friday challenging Kentucky’s first-in-the-nation excise tax on prediction markets.
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Kentucky, United States
Who
Kalshi, Crypto.com, Polymarket, Coalition for Fair Markets, Kentucky Atty. Gen. Russell Coleman
What
A coalition including Kalshi, Crypto.com, and Polymarket filed a lawsuit Friday challenging Kentucky’s first-in-the-nation excise tax on prediction markets.
When
Sat, 13 Jun 2026 20:28:37 GMT · 3h 35m ago
Where
Kentucky, United States ·
Why
The lawsuit challenges a 14.25% tax on prediction market operators’ transaction fees, which the plaintiffs claim is discriminatory, unconstitutional, and preempted by federal law.
The Frontline Impact
How this affects you
This legal challenge could set a precedent for how US states regulate and tax prediction markets, potentially influencing the operational viability and expansion of these platforms nationwide. The outcome will affect market operators' costs and may impact the accessibility of these platforms for users.
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2 events in this thread- Markets3h 35m agoA coalition including Kalshi, Crypto.com, and Polymarket filed a lawsuit challenging Kentucky’s new 14.25% excise tax on prediction markets.Open article
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