By The Weekly Edge desk ·
CasinoBeats reported that the Wisconsin Elections Commission warned residents against betting on elections through prediction markets. The commission said state law prohibits election wagering and can disqualify electors.
Residents face potential voting eligibility consequences for election betting under the commission’s interpretation.
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Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.