Wisconsin Takes on Prediction Markets, Files Lawsuits Against Multiple Companies
Prediction market operators have consistently claimed that their products are legitimate financial instruments, rather than mere bets. However, Wisconsin has taken a stance against this notion, filing complaints against several prominent companies, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. The state's Attorney General, Josh Kaul, stated that 'disguising unlawful conduct a…
April 24, 2026, 4:47 a.m.