US agency sues Wisconsin over prediction markets
The CFTC filed a lawsuit against Wisconsin today following the state's legal actions against several major prediction markets including Kalshi and Polymarket.
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The United States Commodity Futures Trading Commission (CFTC) sued Wisconsin on Tuesday to block state-level legal actions against five major prediction markets. This federal lawsuit follows Wisconsin’s litigation against platforms including Kalshi, Polymarket, Crypto.com, ROBINHOOD MARKETS INC - A, and COINBASE GLOBAL INC -CLASS A. The outcome will determine if federal regulators or state authorities control the oversight of the billion-dollar event contract industry.
