Federal judge lets Wisconsin continue sports prediction market enforcement fight forward

A federal judge has refused to block Wisconsin from enforcing its gambling laws against companies offering sports-related event contracts, handing the state an early victory against the US Commodity Futures Trading Commission (CFTC) in a closely watched legal battle over prediction markets. Griesbach denied the CFTC’s request for a preliminary injunction. He concluded the agency “has failed to show a likelihood of success on the merits” and