Shapiro Haber & Urmy LLP Has Determined That Polymarket Is Violating the Gambling Laws of Many States, including Massachusetts, by Taking Sports Bets Without a License.

Shapiro Haber & Urmy LLP has also determined that people who have placed sports bets on Polymarket and lost money may have valuable claims against Polymarket to recover their sports betting losses.

The Massachusetts Attorney General recently brought litigation against Kalshi, a competitor of Polymarket which operates a similar business, for violating the Commonwealth’s sports wagering laws by offering sports wagering to Massachusetts residents even though Kalshi does not have a Massachusetts Gaming License. That action, filed in Massachusetts Superior Court, is called Commonwealth of Massachusetts v. Kalshi, LLC. The Commonwealth’s complaint against Kalshi can be found here.  In that case, the Court ruled that the Commonwealth could enforce its Sports Gambling law against Kalshi and that the Commonwealth was likely to succeed on its claim that Kalshi could not take sports bets in Massachusetts without a license under the Massachusetts Sports Wagering law. The Court also found that the Commonwealth was likely to prevail on its claim that Kalshi was violating the Massachusetts Sports Wagering law. Accordingly, the Court entered a preliminary injunction against Kalshi.  A copy of the Court’s decision can be found here. Kalshi has appealed the Court’s decision against it and the injunction has not yet gone into effect pending that appeal.

Shapiro Haber & Urmy has determined that Polymarket, like Kalshi, is also violating the gambling laws of many states, including Massachusetts, by offering sports wagering to residents of those states, even though Polymarket does not have a license to do so in those states.

If you have placed a significant number of sports bets on Polymarket and have lost money, we would be interested in discussing your experiences further and discussing your bringing legal action to recover those losses in a class action. If you would like to discuss this with us further, please email shu@shulaw.com or click here to contact us through our website.

Shapiro Haber & Urmy LLP represents individuals and businesses in class actions against companies that engage in unfair, deceptive consumer and business practices. Read more about the firm here.