"Today, we filed a lawsuit in federal court against Massachusetts. Congress gave the CFTC, not states, exclusive authority over event contracts. These are national markets with critical questions that must be resolved in federal court 🧵- Neal Kumar (@HereComesKumar) February 9, 2026"
"Racing to state court to try to shut down Polymarket US and other prediction markets doesn't change federal law - and states like MA and NV that have done so will miss an amazing opportunity to help build markets for tomorrow."
"As always, we continue to welcome dialogue with other states while the federal courts consider these important issues. We fight for the users."
Polymarket filed a federal lawsuit against Massachusetts, naming Attorney General Andrea Campbell and state gaming regulators, to prevent state restrictions on its operations. The company argues that Congress granted exclusive authority over event contracts to the Commodity Futures Trading Commission, making prediction markets a federal matter outside state gambling laws. Polymarket says dual regulation by federal and state authorities creates operational obstacles and hampers user growth. The filing cites ongoing legal actions in New York and Nevada and notes a recent injunction for Kalshi in Massachusetts. Polymarket's legal team and leadership have publicly asserted a preference for federal resolution and dialogue with states.
Read at ReadWrite
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