Kentucky enforcement actions v. Kalshi & others (Franklin Circuit Court)

PendingState v. Platform

Last updated August 16, 2026. Snapshot — not legal advice.

Overview

Kentucky’s Attorney General filed enforcement actions in Franklin Circuit Court on June 17, 2026 against entities comprising Kalshi, Polymarket, Robinhood, Coinbase (and Webull), and the legislature added a 14.25% excise tax on prediction-market activity. The CFTC then sued the state — notably its ninth state suit and its first against a Republican-controlled state. Pending. (No single state-court docket caption confirmed: this is a set of separate Franklin Circuit Court actions against multiple operators; the June 17 filing date + court are confirmed via the CFTC’s Kentucky complaint. captionVerified stays false.)

Timeline

June 2026

Kentucky AG sues Kalshi, Polymarket, Coinbase, Robinhood, and Webull; excise tax added; CFTC sues the state.

What's next: Pending; runs parallel to the CFTC’s suit against Kentucky.

Parties

Plaintiffs

  • Commonwealth of Kentucky (Attorney General Russell Coleman)

Defendants

  • KalshiEX LLC
  • Polymarket
  • Coinbase
  • Robinhood
  • Webull
This page is informational, not legal advice. Nearly every entry in this tracker is a preliminary ruling under appeal. Always verify a platform's current, location-specific eligibility directly with the venue before relying on this page.