Federal Government Sues Wisconsin over Lawsuit to Rein in Prediction Markets

Federal government sues Wisconsin over lawsuit to rein in prediction markets

Attorney General Josh Kaul filed three lawsuits accusing major prediction market plays like Kalshi, Coinbase and Robinhood of skirting state laws banning sports betting.

CFTC sues Wisconsin over sports betting lawsuit targeting major prediction markets

The Commodity Futures Trading Commission said it's suing to "reaffirm its exclusive jurisdiction."

CFTC sues Wisconsin in agency's legal campaign defending prediction markets authority

The U.S. Commodity Futures Trading Commission added Wisconsin to the list of states it's sued over event-contract jurisdiction, most recently New York.

CFTC sues Wisconsin after state moves on prediction market firms

The Commodity Futures Trading Commission (CFTC) was quick on the draw in Wisconsin, filing a federal lawsuit against the state Tuesday days after the state took five prediction market platforms to court. Wisconsin Attorney General Josh Kaul and the state Department of Justice filed civil suits in Dane County state court last Thursday against each of the following companies, alleging that the sports event contracts offered by each firm are equiva…

CFTC Sues Wisconsin in Response to State's Prediction Market Lawsuits

The CFTC has filed a lawsuit against Wisconsin in direct response to the state's levied lawsuits against prediction market companies.

CFTC sues Wisconsin as prediction market clash with states intensifies

The CFTC’s lawsuit against Wisconsin deepens its clash with states over prediction markets, with the regulator pushing to classify them as federally controlled derivatives.