Wisconsin Takes on Prediction Markets, Files Lawsuits Against Multiple Companies
The prediction market industry has long maintained that its products are legitimate financial instruments, rather than mere bets. However, Wisconsin has taken a different stance, filing complaints against several prominent companies, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, alleging that they are operating as unlicensed gambling venues. According to Wisconsin Attorney Ge…
April 24, 2026, 4:47 a.m.