Wisconsin notifies that election betting on prediction markets is illegal; 23 states ban it

1. 1Wisconsin's Elections Commission notified that election betting, including prediction-market trades, is illegal under a law more than 175 years old
2. 2Wisconsin and New York strip violators of their voting rights in the relevant election, while most other states impose fines or imprisonment
3. 323 states ban election betting, but whether the law applies to prediction-market trades varies by state and remains unclear in most

Source CNBC · View original ↗

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