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Josh Kaul: “Event contracts on sporting events are indistinguishable…”

Featuring: Josh Kaul, Democratic | Attorney General of Wisconsin

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LIVE: Wisconsin illegal sports betting lawsuit, AG Kaul gives details | FOX6 News Milwaukee

Published | Video Starts at 07:14

And what we allege is that the way these companies have framed this is that you can, on those prediction markets purchase what they, what they call an event contract. And what we allege here is that the, the Event contracts on sporting events are indistinguishable legally or practically from sports betting and constitute sports betting under Wisconsin law. Next question goes to Todd. Yeah, I know that you said there is no relationship between the bill the governor signed and these lawsuits, but the timing is just blatant. (07:14–07:28)

CLAIM

Asserts that event contracts are equivalent to sports betting under Wisconsin law.

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