Wisconsin sues five prediction market platforms over sports contracts
Wisconsin’s attorney general filed lawsuits against Polymarket, Kalshi, Coinbase, Crypto.com and Robinhood, alleging their sports event contracts amount to unlawful sports betting. The state is seeking preliminary and permanent injunctions to stop the platforms offering those contracts in Wisconsin; the companies’ position is not included in the article.
The lawsuits could determine whether sports event contracts are treated as unlawful betting under Wisconsin law.