Kentucky Attorney General Russell Coleman has filed a lawsuit against prediction market platforms Kalshi and Polymarket, accusing them of offering illegal sports betting services without obtaining local licenses. The lawsuit also names partners like Coinbase, Robinhood, and Webull as related parties. Polymarket responded, stating it will contest the allegations and argued that the lawsuit contradicts the U.S. Commodity Futures Trading Commission (CFTC)'s regulatory framework for prediction markets. This move places Kentucky among several state governments suing prediction market platforms and further intensifies the legal dispute between state regulators and the CFTC over jurisdiction in regulating prediction markets. (CoinDesk) https://www.(wublock123.com)/news/kentucky-sues-kalshi-polymarket-prediction-market-regulatory-battle-62988