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View More NewsIn brief Wisconsin Attorney General Josh Kaul has filed complaints targeting Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase over their prediction market offerings. The lawsuits seek to ban sports-related event contracts as illegal gambling and public nuisances under state law. The move comes amid mounting regulatory pressure on prediction markets. Wisconsin Attorney General Josh Kaul has sued Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase in Dane County court, alleging their prediction market offerings constitute illegal gambling operations that must cease serving state residents.The complaints seek declarations that offering sports-related event contracts to Wisconsin customers violates Wis. Stat. § 945.03(1m) and constitutes a…
It has been six days since President Donald Trump signed an executive order aimed at facilitating regulatory review of psychedelics that have shown potential as psychotherapeutic catalysts. As promised then, the Food and Drug Administration (FDA) today issued “national priority vouchers” for two psychedelics: psilocybin as a treatment for depression and methylone (a.k.a. MDMC) as a treatment for post-traumatic stress disorder (PTSD). The FDA had previously designated both drugs as “breakthrough” therapies, meaning they “may demonstrate substantial improvement over existing therapies on one or more clinically significant endpoints.” Although that designation is supposed to streamline the review process, the vouchers…
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Wisconsin’s lawsuit against Kalshi, Robinhood, Coinbase, Polymarket and Crypto.com deepens the battle between state gambling enforcers and federal regulators over sports prediction markets. Read…