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Wisconsin Takes on Prediction Market Operators, Including Kalshi, Coinbase, and Crypto.com, in Lawsuit
The operators of prediction markets consistently claim that their products are legitimate financial instruments, but Wisconsin is disputing this assertion. In a recent complaint filed against Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, the state argues that these platforms are, in fact, unlicensed gambling venues. According to Attorney General Josh Kaul, 'merely disguising illicit ac…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Giants in Lawsuit
The state of Wisconsin has filed a lawsuit against several major prediction market platforms, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, alleging that they are operating as unlicensed gambling venues. At the heart of the issue is the question of whether the contracts offered by these platforms constitute financial instruments or bets. According to Wisconsin's Attorney Gene…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Platforms in Lawsuit Against Kalshi, Coinbase, and Others
The prediction market sector has consistently maintained that its offerings are legitimate financial instruments, not wagers. However, Wisconsin has expressed its disagreement with this stance, filing a complaint against Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, citing the companies' marketing materials as evidence of their platforms being unlicensed gambling venues. According to W…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Operators in Lawsuit
The state of Wisconsin has filed a complaint against several prediction market operators, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, alleging that their activities constitute unlicensed gambling. The lawsuit centers on the question of whether the contracts offered by these platforms are financial instruments or bets. According to Wisconsin's Attorney General Josh Kaul, the…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Giants, Alleging Unlicensed Gambling Operations
The prediction market industry has consistently maintained that its products are legitimate financial instruments, not wagering activities. However, Wisconsin has taken a firm stance against this claim, filing a complaint against major players such as Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. The state's Attorney General, Josh Kaul, emphasized that attempts to disguise unlawful con…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Platforms, Accusing Them of Operating Unlicensed Gambling Venues
The prediction market industry has consistently maintained that its products are legitimate financial instruments, rather than mere bets. However, Wisconsin has expressed its skepticism and is now taking legal action against several prominent platforms, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. In a recent press release, Attorney General Josh Kaul emphasized that attempti…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Platforms in Lawsuit Against Kalshi, Coinbase, and Others
The prediction market industry consistently maintains that its offerings are financial instruments, not wagers. However, Wisconsin disagrees and has filed a complaint against Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, citing the companies' marketing materials as evidence of their gambling nature. According to Wisconsin Attorney General Josh Kaul, 'disguising unlawful activities does…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Platforms, Files Lawsuits Against Kalshi, Coinbase, and Others
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 Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. According to Attorney General Josh Kaul, 'disguising unlawful conduct as lawful does not make it so.' The lawsuits hinge on the question …
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Giants in Lawsuit
The prediction market industry has long maintained that its products are legitimate financial instruments, rather than mere bets. However, Wisconsin has taken a firm stance against this claim, filing a complaint against several major players, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. According to Wisconsin Attorney General Josh Kaul, the companies' attempts to disguise th…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes Legal Action Against Multiple Companies Over Unlicensed Gambling Operations
The state of Wisconsin has filed a lawsuit against several companies, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, alleging that they are operating unlicensed gambling venues. According to the complaint, these companies are using language that is more commonly associated with gambling than investing, despite their claims that their products are financial instruments. The sta…
April 24, 2026, 4:47 a.m.