Wisconsin has now also joined the dispute over prediction markets, directly suing several platforms. Kalshi, a major exchange, Polymarket, Robinhood, and a well-known trading platform are all being sued. It seems that regulators are becoming increasingly strict towards these prediction market platforms, not just at the federal level but also at the state government level. How this wave of lawsuits will develop is quite interesting. It feels like the path for prediction markets is becoming more and more difficult, with regulatory reach extending further and further.