The U.S. Commodity Futures Trading Commission (CFTC) sued Wisconsin on April 28, 2026, to reassert its exclusive jurisdiction over prediction markets. The action challenges state-level regulatory interference in a sector increasingly built on blockchain technology and crypto assets. The lawsuit underscores ongoing federal-state jurisdictional disputes over decentralized and tokenized derivatives platforms.
The CFTC's enforcement action signals the regulator's intent to maintain control over derivatives-adjacent products in the crypto space, potentially affecting platforms that tokenize prediction market shares or operate on decentralized protocols.
The CFTC said that its lawsuit is in response to Wisconsin filing civil suits against multiple CFTC-regulated prediction market companies — Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase — alleging violations of state law.
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