A federal court has dealt another setback to the Commodity Futures Trading Commission (CFTC) and leading prediction market platforms, including Kalshi and Polymarket, by rejecting efforts to block Wisconsin from enforcing its gambling laws against sports event contracts. According to the court ruling, the judge denied the CFTCs request for a preliminary injunction that sought to prevent Wisconsin from pursuing legal action against CFTC-regulated prediction market operators. The court also rejected motions from Kalshi and Crypto.com to intervene in support of the CFTCs request. The legal… Read more








