CFTC sues Wisconsin over prediction market regulations
The agency took aim at the Badger State for suing five prediction markets — Coinbase, Kalshi, Robinhood, Polymarket and Crypto.com — for allegedly running illegal sports betting operations. Wisconsin is the fifth state to face a lawsuit from the CFTC, which has vowed to challenge state efforts to regulate the platforms that it contends are under its purview. “States cannot circumvent the clear directive of Congress,” CFTC Chair Michael Selig said in a statement.
- ▪The agency took aim at the Badger State for suing five prediction markets — Coinbase, Kalshi, Robinhood, Polymarket and Crypto.com — for allegedly running illegal sports betting operations.
- ▪Wisconsin is the fifth state to face a lawsuit from the CFTC, which has vowed to challenge state efforts to regulate the platforms that it contends are under its purview.
- ▪“States cannot circumvent the clear directive of Congress,” CFTC Chair Michael Selig said in a statement.
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| Original publisher | The Hill |
| Canonical URL | https://thehill.com/policy/technology/5853297-cftc-sues-wisconsin-prediction-markets/ |
| Publication time | Tue, 28 Apr 2026 17:49:35 +0000 |
| Retrieval time | 2026-04-28T18:07:19.501Z |
| Last seen | 2026-04-28T18:07:19.501Z |
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| Cluster | _7pUEUshxi1g · 3 stories |
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| Publisher visit | Yes — open original |
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Opening excerpt (first ~120 words) tap to expand
Technology CFTC sues Wisconsin over prediction market regulations Comments: by Julia Shapero - 04/28/26 1:49 PM ET Comments: Link copied by Julia Shapero - 04/28/26 1:49 PM ET Comments: Link copied NOW PLAYING The Commodity Futures Trading Commission (CFTC) sued Wisconsin and key state officials Tuesday over their recent crackdown on prediction markets, arguing the federal regulator has exclusive jurisdiction over the platforms. The agency took aim at the Badger State for suing five prediction markets — Coinbase, Kalshi, Robinhood, Polymarket and Crypto.com — for allegedly running illegal sports betting operations. Wisconsin is the fifth state to face a lawsuit from the CFTC, which has vowed to challenge state efforts to regulate the platforms that it contends are under its purview.
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