Wisconsin joins prediction market fight, suing Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com

Wisconsin joins prediction market fight, suing Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enPolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailWisconsin joins prediction market fight, suing Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com The state's complaint highlights language used by prediction market platforms as language for gambling, not investing.By Sam Reynolds|Edited by Nikhilesh De Apr 24, 2026, 4:47 a.m. Make preferred on The State Capitol in Madison (Unsplash)What to know: Wisconsin has sued Kalshi, Coinbase, Polymarket, Robinhood and Crypto.com, arguing their prediction markets function as unlicensed gambling operations rather than financial platforms.The state’s complaints say “event contracts” are wagers under Wisconsin law, citing sports-related markets, fee structures and the companies’ own marketing that describes the services as betting.The cases deepen

Source: https://www.coindesk.com/policy/2026/04/24/wisconsin-joins-prediction-market-fight-suing-kalshi-coinbase-polymarket-robinhood-and-crypto-com