CFTC Backs Prediction Markets in Yet Another Lawsuit Against a State
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 against top prediction…