By SectorWire desk ·
The report said that Wisconsin’s Elections Commission warned residents that trading election prediction contracts could expose them to felony charges if they vote in the same election. The warning concerns products offered by platforms including Kalshi.
The warning links election contract trading to potential voting restrictions and criminal charges.
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The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The analysis questions Kalshi’s explanation for concentrated activity in its ether perpetual contracts.
The new contracts allow partial settlement rather than requiring players to reach the full statistical target.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The denial challenges Kalshi’s account of a tribal partnership.