Wisconsin joins prediction market fight, suing Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com
Prediction markets have a consistent line: their products are financial instruments, not bets. Wisconsin isn’t buying it, and in new complaints against Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com, the state cited the companies’ own marketing campaigns, calling them unlicensed gambling dens. “A veiled cover-up of illegal conduct does not mean it is legal,” Attorney General…