CFTC Sues Wisconsin in New Prediction Markets Fight
The Commodity Futures Trading Commission has filed a federal lawsuit against Wisconsin after the state moved against several prediction market platforms, marking the latest clash over whether states or federal regulators control event-contract trading. Wisconsin recently brought civil actions against five companies — Coinbase, Crypto.com, Kalshi, Polymarket and Robinhood — alleging that sports event contracts offered through their platforms amount to illegal sports wagering under state law. The state is seeking preliminary and permanent injunctions to halt those offerings within Wisconsin. Days […] The post CFTC Sues Wisconsin in New Prediction Markets Fight appeared first on World Casino News.
The Commodity Futures Trading Commission has filed a federal lawsuit against Wisconsin after the state moved against several prediction market platforms, marking the latest clash over whether states or federal regulators control event-contract trading. Wisconsin recently brought civil actions against five companies — Coinbase, Crypto.com, Kalshi, Polymarket and Robinhood — alleging that sports event contracts offered through their platforms amount to illegal sports wagering under state law. The state is seeking preliminary and permanent injunctions to halt those offerings within Wisconsin. Days […]
The post CFTC Sues Wisconsin in New Prediction Markets Fight appeared first on World Casino News.
