NEWS

Could you lose your right to vote if you bet on an election?

by | Jul 25, 2026

A billboard that reads Kalshi in front of a blue-hued glass building

A Kalshi billboard displaying New York City mayoral election odds in New York on Monday, October 27, 2025. | Michael Nagle/Bloomberg via Getty

Could you accidentally gamble away your right to vote?

If you live in Wisconsin, and you bought contracts on a prediction market like Kalshi about who would win elections there, you’ve done just that, according to state election officials. And they think that if you vote anyway, you could be prosecuted.

“We want voters to understand that they cannot legally make a bet on an election and cast a ballot in that same election,” Meagan Wolfe, administrator of the Wisconsin Elections Commission, said in a statement Tuesday, ahead of the state’s August 11 primaries.

The reason wasn’t a new law about online markets but a very old statute dating back to the year 1849 — just after Wisconsin became a state. 

“No person shall be allowed to vote in any election in which the person has made or become interested, directly or indirectly, in any bet or wager depending upon the result of the election,” the statute reads.

The bipartisan commission also said those voters could be on the hook for felony exposure, if they know about the prohibition and vote anyway. Intentionally voting while not being qualified to do so is a felony, per state law. “It’s important for voters to understand the consequences if they bet on an election outcome,” Wolfe said.

Many other states have laws on the books against gambling on elections. Wisconsin is the first where officials are saying people are banned from voting if they do it through prediction markets.

And it may not be the last, since New York has a very similar provision in both its constitution and state law

“In New York State, voting in an election in which an individual has placed any bet or wager on the result is prohibited,” Kathleen McGrath, director of public information for the New York State Board of Elections, told me. 

The New York attorney general’s office has not yet issued a formal opinion on whether Kalshi and Polymarket election bettors are barred from voting in elections they’ve wagered on. But they’re currently locked in a court battle to try and get Kalshi regulated under state gambling laws.

All this makes for a potentially explosive situation in the upcoming midterms, given the rapid growth of the industry, which has rolled out massive advertising campaigns and sponsorship deals to attract customers this election cycle. 

Prediction market companies have responded with fury. Benjamin Freeman of Kalshi posted on X that this was “insane,” blatantly unconstitutional,” “illegal,” “dishonest,” and “dystopian.” In an emailed statement, Kalshi said this was “incredibly dangerous to democracy.” 

Bettors may be less perturbed. “The reaction I am party to is almost amused by how idiotic it is — how unenforceable, and backwards, and emblematic of government regulators,” said Alex Feeney, who founded Eventual, a prediction market podcast he co-hosts with traders.

But Wisconsin Elections Commission member Ann Jacobs, who flagged the issue earlier this year and helped create the new guidance, told me in an interview that the decision was not taken lightly.

“This has been the law for a long time,” she said. “And if you don’t like the law, go talk to your legislator.”

So, where did this old law come from? Could it actually be enforced? And would it hold up against court challenges?

America’s hidden history of degenerate election gambling

It may seem surprising that a state would have such an old law of this nature on the books.

But, it turns out, many early 19th century Americans were degenerate election gamblers — so many that this became a topic of national conversation and condemnation.

In a 2012 paper, economic historian Paul Rhode and economist Koleman Strumpf wrote that betting on elections was “commonplace” since the US’s earliest years as a nation, but that it became “especially intense during the partisan conflicts of the Jacksonian era.” Newspapers, which in those days were mainly partisan, championed the practice.

Concerns eventually rose that election betting encouraged election rigging, just as people complain today that prop bets are corrupting sports. After the 1844 election, Rhode and Strumpf wrote, Whig Party members complained that “gamblers favoring Polk had committed voting fraud using the winnings from election bets to defray their expenses.” 

Then, in 1845, the governor of New York, Silas Wright, urged his state legislature to make “the extensive and rapidly increasing practice of betting on elections” illegal, due to the “corrupting tendencies which it exerts upon the election itself.” And, Rhode and Strumpf continue, evangelicals “preached long and hard against election betting” as part of the second Great Awakening movement.

The craze eventually faded, but it was peaking just around the time Wisconsin became a state in 1848. So its new state constitution specifically addressed the issue, saying “laws may be passed” excluding election bettors “from the right of suffrage.” Hence the 1849 law.

Why attention returned to this law in 2026

Scott Owens points to his computer screen as he describes how to hedge a position for making a prediction on the U.S. Presidential Election at his home in Madison, Wisconsin on October 13, 2024. Owens is an amateur watchmaker as well as an employee for KalshiEx,

In recent years, in the rare occasions when the law has been noticed at all, it’s been treated as an amusing, antiquated curiosity

But the rise of prediction markets like Kalshi and Polymarket — and the corresponding surge in election betting — made it relevant again.

In March, after Jacobs of the Wisconsin Elections Commission heard a radio story about Polymarket, she posted on X: “WI friends – I know it’s all the rage to bet on everything, but you cannot bet on an election in Wisconsin!  If you do, your ballot can be challenged & thrown out.”

Kalshi has long taken the position that it doesn’t allow election “gambling,” but rather “financial products” called “event contracts.” But the commission’s legal staff studied the issue, and concluded earlier this month that it was “relatively clear” that a Wisconsinite “cannot, even indirectly” make a bet or wager on an election and then vote in that election. 

The press release warning voters — and the backlash from Kalshi and Polymarket — soon followed. 

How the law might (but probably wouldn’t) be enforced

So, what would happen, then, if an avid “event contract” trader decided to vote anyway?

Realistically, the answer is: probably nothing.

But if someone else had knowledge that this person was making election bets and voting, they could show up to try to get them disqualified.

“You would have to be there at the moment they showed up to vote — or when their absentee ballot is pulled out to be counted — and you’d say, ‘I’m challenging that voter,‘” Jeff Mandell, a Wisconsin election lawyer, told me. “But the chances that somebody is around with the right knowledge to block someone on one of these bases strikes me as pretty slender.”

The other theoretical risk is felony prosecution. Law enforcement officials could obtain information that people voted on elections they’d wagered on and, then, criminally charge them for  voting illegally. 

But Mandell pointed out that “that seems like a lot of work” for a prosecutor, adding, “I think that fears about enforcement, either civil or criminal, are probably overstated.”

Still, Jacobs argued, it’s possible. “This is the law,” Jacobs said. “It is a situation where, if people have placed a bet, they should consult with their own attorney and decide what to do.”

Would the law stand up to court challenge?

Since Wisconsin’s original state constitution specifically said the state could restrict election bettors from voting, the law would seem to be on firm ground.

There’s just one catch: That section of the constitution was repealed forty years ago. 

That repeal was made as part of a broader overhaul of the document and doesn’t appear to have been specifically targeted at the election betting issue. But it does mean that the statute doesn’t necessarily have the firm state constitutional footing it once did.

“The current constitutional language only authorizes the legislature to disenfranchise voters on two grounds — a felony conviction or incompetency — which does suggest that disenfranchisement on other grounds is impermissible,” Robert Yablon, a University of Wisconsin-Madison law professor, said in an email.

The law could also be challenged in federal court. As written, the law appears to prohibit even someone making a $1 bet with their friend on an election outcome from voting. Challengers could argue that law isn’t narrowly tailored enough to justify depriving qualified citizens of their voting rights.

For now, though, the law is on the books, and it says what it says. 

“As a policy, it makes sense,” Jacobs told Vox. “You want people to make their voting decisions based on who they think is best for the job — not who’s going to make them the most money.”

The New York question

Though the Wisconsin situation has made national headlines this week, it has largely escaped notice that New York has very similar provisions in both its constitution and in state law.

New York’s constitution says that no person who “shall make or become directly or indirectly interested in any bet or wager depending upon the result of any election, shall vote at such election.”

In fact, state law says that if a voter’s eligibility is challenged on these grounds, they must swear what is known as the “Bribery Oath,” swearing that they haven’t been paid to vote a certain way — and that they “have not made, or become directly or indirectly interested in any bet or wager depending upon the result of this election.”

When I inquired with New York state officials about whether these provisions about bets and wagers applied to Kalshi and Polymarket election event contracts, they declined to comment specifically on that.

But the New York attorney general’s office has repeatedly taken the position, both in their public rhetoric and in court, that prediction markets are “gambling platforms” that should be regulated by state gambling law. (Earlier this month, a judge gave the state a favorable ruling in a suit brought by Kalshi over this, though Kalshi is appealing.)

If New York reaches a similar interpretation as Wisconsin, Kalshi or Polymarket bettors on elections would not be legally permitted to vote in those elections. Of course, doing that comes with a risk of voter disenfranchisement, especially if this guidance isn’t well-publicized or is only belatedly clarified.

So, in both states, these very old laws have collided with a modern trend — and the result is a big mess. 

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