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The complaints allege that Kalshi and Polymarket allow Baltimore residents to wager on game winners, point spreads, totals and additional props commonly offered by licensed sportsbooks.
The regulator has warned that trading on prediction markets can be considered a criminal offence.
JPMorgan Chase terminated banking services for Polymarket in 2025 but has retained other ties as the prediction-market operator targets a reported $20bn valuation.
The order requires Kalshi to introduce two stages of geofencing as its dispute with Washington adds to conflicting court decisions over state authority.
Following BNR’s inquiries, Meta removed several ads and banned two Facebook accounts.
Bandman previously led Kalshi’s regulatory strategy from January 2019 to July 2024, having also overseen the CFTC’s Division of Clearing and Risk and Office of International Affairs.
Michigan Governor Gretchen Whitmer appointed Jim Townsend as new MGCB Chairman on July 23, succeeding Jim Ananich who had been leading the regulator since April 2025.
The Nevada Council intended to pause its membership in June, but the national organization declined this.
Polymarket branding had already been removed from Lazio’s official channels last month.
The intervention follows a July federal court ruling that rejected Kalshi's bid to prevent New York from applying its gambling laws to the exchange's sports-event contracts.
