Bitcarnage

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Predicting Lawsuits

Patrick L Young's avatar
Patrick L Young
Apr 27, 2026
∙ Paid

While a US operative has been charged for cashing in on his insider knowledge that he was taking down the Venezuelan President, in the mainstream of legal action against prediction markets, Wisconsin Joins Prediction Market Fight, Suing Kalshi, Coinbase, Polymarket, Robinhood And Crypto.com (CoinDesk) / Wisconsin Sues Kalshi, Polymarket, Others Over Sports Event Contracts (Cointelegraph). A whole rich new seam of Young’s first law of DLT - the lawyers always profit.

Recent prediction market stories:
EI 3545: Prediction Markets Face DOJ Scrutiny Over Well-Timed Bets On Nicolás Maduro Capture, Iran Strikes: Sources
EI 3545: CFTC Sues Trio Of States To Reaffirm Its Exclusive Jurisdiction Over Prediction Markets
EI 3546: New Jersey Cannot Regulate Kalshi’s Prediction Market, US Appeals Court Rules
EI 3553: Crypto.com Gets Into Prediction Markets Through High Roller Tie-Up
EI 3559: Prediction Markets Are The New Secret Weapon For Coinbase And Robinhood Growth

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Patrick L Young's avatar
A guest post by
Patrick L Young
Marketplace building Entrepreneur. Fintech pioneer, exchange expert, author. Publisher Exchange Invest Newsletter. Publisher "Bitcarnage" (on Substack) Fun sideline: Occasional Motorsports Commentator
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