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We don't know.
TJ Semanchin, thanks very

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much.
>> The burgeoning interest

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00:00:08,742 --> 00:00:11,712
in sports related
prediction markets over the

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00:00:11,778 --> 00:00:16,116
last few years has led to
platforms like Kalshi and

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00:00:16,183 --> 00:00:18,986
Polymarket to trade in
billions of dollars

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annually and wanting to
cash in on Wisconsin

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00:00:22,623 --> 00:00:25,192
customers. But State
Attorney General Josh Carl

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this week filed a lawsuit
against these and other

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00:00:28,128 --> 00:00:31,765
similar platforms, saying
they may use new

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00:00:31,832 --> 00:00:34,635
terminology, but they are
still violating Wisconsin

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gambling laws.
>> The platforms where this

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is taking place are known
as prediction markets. And

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00:00:42,643 --> 00:00:44,978
what we allege is that the
way these companies have

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00:00:45,045 --> 00:00:49,016
framed this is that you can,
on those prediction markets,

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00:00:49,082 --> 00:00:51,118
purchase what they what
they call an event contract.

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00:00:51,185 --> 00:00:54,922
And what we allege here is
that the the event

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00:00:54,988 --> 00:00:57,691
contracts on sporting
events are

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00:00:57,758 --> 00:01:02,663
indistinguishable legally
or practically for that