CFTC Denied Preliminary Injunction in Wisconsin, Judge Says Case Makes
The Commodity Futures Trading Commission (CFTC) failed in its initial attempt to block Wisconsin’s efforts to shut down prediction market platforms in the state.
The Commodity Futures Trading Commission (CFTC) failed in its initial attempt to block Wisconsin’s efforts to shut down prediction market platforms in the state.
Prediction markets suffered legal setbacks in two rulings this week as judges in Wisconsin and New York sided against the CFTC and Kalshi.
This week has been busier than most in the world of prediction markets, from the CLARITY Act to the World Lottery Association’s warning to the furor over election betting in Wisconsin, and more.
A Republican member of Congress has introduced the latest bill aimed at limiting how elected officials can use prediction markets.
Wisconsin Governor Tony Evers has begun discussions with leaders of the state's 11 federally recognized tribes on implementing legal online sports betting, marking the next step toward launching statewide mobile wagering following the passage of enabling legislation.