Wisconsin’s growing legal battle over sports betting and prediction markets could ultimately be decided by the US Supreme Court, according to legal experts and company representatives involved in the dispute.
The battle escalated after Wisconsin Attorney General Josh Kaul sued platforms including Coinbase, Kalshi, and Polymarket, accusing them of offering illegal sports betting in the state.
Ryan VanGrack, Vice President of Legal and Head of Litigation for Coinbase, told WISN12 that he believes it is not up to state regulators to make this decision.
“Ultimately, they’re suing based on a fundamental misunderstanding. They are presenting these issues as being whether these markets are regulated by a state regulator or no regulator, but that actually has it backward.
