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Wisconsin Takes on Prediction Market Giants in Lawsuit
The state of Wisconsin has filed a complaint against several prominent prediction market platforms, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, alleging that they are operating as unlicensed gambling venues. According to the complaint, the platforms' marketing materials reveal that their products are essentially bets, rather than financial instruments. Wisconsin's Attorney …
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Giants in Lawsuit
The prediction market industry has consistently maintained that its products are legitimate financial tools, not wagering activities. However, Wisconsin has taken a firm stance against this notion, filing a complaint against several key players, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. The state's Attorney General, Josh Kaul, emphasized that attempts to disguise unlawful…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Giants in Lawsuit
Prediction market operators claim their products are legitimate financial tools, not wagers. However, Wisconsin has filed a lawsuit against several major players, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, arguing that their marketing materials reveal a different story. According to Wisconsin Attorney General Josh Kaul, 'disguising unlawful conduct as something lawful does…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Operators in Lawsuit
The prediction market industry has consistently maintained that its products are legitimate financial tools, not simply bets. However, Wisconsin has taken a firm stance against this claim, filing a lawsuit against several major operators, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. The state's complaint centers around the language used by these platforms, which Wisconsin ar…
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, not mere bets. However, Wisconsin has expressed its skepticism and is now taking legal action against several prominent players, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. In a recent complaint, the state argues that these companies are operating unlicensed gambling v…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Platforms, Filing Lawsuits Against Multiple Companies
The prediction market industry has long maintained that its products are legitimate financial instruments, not mere bets. However, Wisconsin has expressed its skepticism, filing lawsuits against Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. The state's Attorney General, Josh Kaul, emphasized that disguising unlawful activities does not make them lawful. The core issue at hand is whethe…
April 24, 2026, 4:47 a.m.
Policy
Wisconsin Takes on Prediction Market Operators in Lawsuit
The prediction market industry has consistently claimed that its products are legitimate financial instruments, rather than mere bets. However, Wisconsin has taken a firm stance against this assertion, filing a complaint against several major players, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. According to the state, these platforms are engaging in unlawful gambling activi…
April 24, 2026, 4:47 a.m.
Policy
US Army Green Beret Arrested for Allegedly Betting on Venezuela Raid
The US Department of Justice has arrested a master sergeant in the Army, accusing him of using classified information about a military operation in Venezuela to place bets and win a substantial amount of money. The sergeant, Gannon Ken Van Dyke, allegedly created an account on a betting platform and placed multiple bets on the outcome of the operation, which involved the detention of former Venez…
April 23, 2026, 10:11 p.m.
Policy
US Arrests Green Beret Over Alleged $400,000 Betting Scheme on Venezuela Raid
The US Department of Justice has arrested a Green Beret on charges of misusing confidential government information for personal gain, theft, and fraud. Master Sergeant Gannon Ken Van Dyke allegedly used his knowledge of an impending military operation in Venezuela to place bets worth $33,000, resulting in winnings of approximately $400,000. According to the indictment, Van Dyke created a Polymark…
April 23, 2026, 10:11 p.m.
Policy
US Arrests Green Beret for Allegedly Betting on Venezuela Raid
The US Department of Justice has arrested a US Army Master Sergeant for allegedly using confidential government information to place bets on a military operation in Venezuela, resulting in winnings of approximately $400,000. Gannon Ken Van Dyke, an active-duty soldier with the US Army Special Forces, also known as the Green Berets, has been charged with unlawfully using confidential government in…
April 23, 2026, 10:11 p.m.