CFTC sues Wisconsin over prediction market regulations

The Commodity Futures Trading Commission (CFTC) sued Wisconsin and key state officials Tuesday over their recent crackdown on prediction markets, arguing the federal regulator has exclusive jurisdiction over the platforms. The agency took aim at the Badger State for suing five prediction markets — Coinbase, Kalshi, Robinhood, Polymarket and Crypto.com — for allegedly running illegal…

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