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. What the Trump administration is trying to do and what these companies have alleged is that basically the states have no role to play whatsoever in overseeing what's going on here. Frankly, that's a preposterous argument. But shortly after, the federal government countersued Wisconsin, arguing these markets fall under the jurisdiction of the Commodity Futures Trading Commission, the cftc. (02:15–02:26)
CLAIM
Asserts that the Trump administration and companies claim states have no role in overseeing prediction markets, which he finds preposterous.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
