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Wisconsin is putting strong pressure on prediction platforms. They just sued Kalshi, Coinbase, Polymarket, and Robinhood, as well as a cryptocurrency exchange platform. The battle against prediction markets is getting serious in the United States.
It's interesting to see how state regulators are moving pieces. Wisconsin is not the first state to go after these markets, but the list of defendants shows they are targeting the main players. Polymarket, in particular, has been under scrutiny for allowing bets on political events.
The question is whether this will slow the growth of prediction markets or if they will find a way to adapt. Some say regulation is necessary, others see it as an attack on innovation. What do you think— is this consumer protection or regulatory overreach?