CFTC sues Wisconsin in agency's legal campaign defending prediction markets authority
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Wisconsin regarding jurisdiction over prediction markets. This legal action follows Wisconsin's own lawsuit against several businesses for operating unlicensed gambling platforms. The CFTC asserts its exclusive authority over these markets, challenging state-level regulations.
- ▪Wisconsin is the latest state sued by the CFTC over event-contract jurisdiction.
- ▪The CFTC argues it has exclusive authority over prediction markets, which are considered derivatives.
- ▪Wisconsin previously sued companies like Kalshi and Coinbase for violating state gaming laws.
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PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCFTC sues Wisconsin in agency's legal campaign defending prediction markets authorityThe U.S. Commodity Futures Trading Commission added Wisconsin to the list of states it's sued over event-contract jurisdiction, most recently New York.By Jesse Hamilton|Edited by Nikhilesh DeUpdated Apr 29, 2026, 2:26 p.m. Published Apr 28, 2026, 6:22 p.m. 2 min readMake preferred on Chairman Mike Selig's U.S. Commodity Futures Trading Commission has sued Wisconsin in a prediction markets standoff. (Jesse Hamilton/CoinDesk)What to know: Wisconsin has become the latest state sued by the U.S.
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