Wisconsin warns those who trade election contracts could lose their right to vote in the same election, Kalshi says it's voter suppression.

Odaily Planet Daily reports that the Wisconsin Elections Commission stated that residents who purchase contracts related to a particular election through Kalshi or Polymarket may lose their eligibility to vote in that election. The Commission stated that knowingly voting when ineligible could constitute a Class I felony. The Commission unanimously approved a legal memorandum regarding prediction markets at its July 9th meeting and issued a statewide notice on Tuesday. The restrictions only apply to the specific election and do not automatically affect a trader's eligibility to vote in other unrelated elections. Benjamin Freeman, head of Kalshi's election division, stated that the guidance is "clearly unconstitutional and illegal," adding that the company has hundreds of thousands of users in Wisconsin alone. Robert DeNault, head of enforcement and legal counsel at Kalshi, stated that election markets offered by CFTC-certified and federally regulated exchanges are legal. A Polymarket spokesperson stated that the company will respond to the Commission's claims through appropriate legal channels. Both companies maintain that their products are tradable financial contracts, not gambling.