CFTC Sues Wisconsin in Escalating Fight Over Prediction Market Regulation

Federal regulators have taken Wisconsin to court, turning up the heat in a widening fight over who gets to police the fast-growing world of prediction markets. The Commodity Futures Trading Commission filed its lawsuit just days after Wisconsin launched its own civil cases against five companies: Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase. State officials accuse those platforms of running what amount to illegal sports betting operations, describing the alleged conduct as felony viol