News Explorer — Wisconsin Challenges Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com on Prediction Market Legality

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Apr 24, 4:47 am

Coindesk

Wisconsin Challenges Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com on Prediction Market Legality

Wisconsin has filed complaints against Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, arguing that their prediction market contracts are bets, not financial instruments. The state alleges that these platforms facilitate sports betting for residents, despite claims of legality in marketing materials.

Wisconsin has filed complaints against Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, arguing that their prediction market contracts are bets, not financial instruments. The state alleges that these platforms facilitate sports betting for residents, despite claims of legality in marketing materials.

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