Kalshi and Polymarket skip 2026 Kentucky Derby winner market

11 articles · Updated · ESPN · Apr 30

Before Saturday's race in Louisville, Polymarket removed a briefly posted Derby market after Churchill Downs asked, while Kalshi declined to say if it would offer one.
Industry officials say the Interstate Horseracing Act gives racetracks and regulators power over race wagering, and the National Thoroughbred Racing Association has warned the CFTC such markets would be illegal.
Churchill Downs says last year's Derby drew a record $234m in wagers, and economists warn prediction markets could divert tax revenue and deepen declines in US horse racing.

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