Is betting on elections using prediction markets illegal? Many states are unsure as midterms approach
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Source: CNBC
Published: 2026-08-12 04:44 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Economy & Finance, Financial Markets, Elections, Business & Economy
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Snippet:
Wisconsin sent prediction market platforms spinning last month when its election commission released a directive reminding voters that betting on elections — including via trades on event contract exchanges — is illegal in the state, based on a more than 175-year-old law.
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