CFTC Backs Prediction Markets in Yet Another Lawsuit Against a State

CFTC Backs Prediction Markets in Yet Another Lawsuit Against a State

CFTC Backs Prediction Markets in Yet Another Lawsuit Against a State Price data byDecryptNewsLaw and OrderCFTC Backs Prediction Markets in Yet Another Lawsuit Against a StateCFTC Chair Mike Selig has vowed to sue any state that attempts to regulate prediction markets under its own gambling laws.By Sander LutzEdited by Guillermo JimenezApr 28, 2026Apr 28, 20262 min readCFTC. Source: Decrypt/ShutterstockCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The CFTC sued Wisconsin after the state moved against prediction market platforms. Wisconsin targeted Polymarket, Kalshi, Coinbase, Robinhood, and Crypto.com on Friday. The state argued those platforms' sports-related markets constitute unlicensed sports bets. The CFTC on Tuesday filed a lawsuit against the state of Wisconsin over the state’s own lawsuit ag

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