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Missouri Hits Polymarket and Kalshi With Cease-and-Desist Orders

Source: Bitcoin News · Oct 19, 2026 22:50 UTC

Entrance of the Federal Reserve Bank of Cleveland with its arched windows and statues — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Missouri Attorney General Catherine Hanaway stressed that prediction markets could not label sports bets as event contracts to skirt law compliance. The state sent letters to Polymarket, Kalshi, Crypto.com, Novig, Underdog, and Robinhood calling on them to stop offering these products to Missourians or face enforcement actions. Missouri Sends Cease-and-Desist Letters to Prediction Market Platforms

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