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Wisconsin tightens action against election prediction markets
The dispute pits state regulators against prediction market sites ahead of the midterm elections.
A legal fight involving Wisconsin regulators and election prediction market platforms is intensifying as the midterm election approaches, according to the WSJ Markets.
The conflict centers on state oversight of sites that offer election-related wagers, with the battle described as sprawling and ongoing.
Platforms such as Kalshi are among those caught up in the fight, as regulators push their case closer to election day.
With the legal fight heating up in the lead-up to voting, the dispute adds new uncertainty for how election betting is handled in Wisconsin.