There's no tax revenue coming for treatment and limited state oversight, plus a whole bunch of disagreement on who should be regulating these platforms. So the question now is whether anyone is going to close the door on these prediction sites. We're talking about essentially a dressed up means of gambling, a thinly disguised way to gamble. That's when there's an issue. Wisconsin Attorney General Josh Kahl sued 5 Prediction Market Platforms, including Kalshi, Polymarket and Coinbase, alleging they facilitated illegal sports betting in the state. (01:57–02:06)
CLAIM
Asserts that prediction markets are a disguised form of gambling, which presents issues.
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