By The Weekly Edge desk ·
Gambling Insider reported that a Wisconsin federal judge refused CFTC’s request to block state gambling enforcement against prediction market operators. The court rejected federal pre-emption arguments and found sports event contracts unlikely to qualify as swaps.
The decision leaves Wisconsin able to pursue its gambling enforcement.
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Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The court-linked sports shutdown limits Kalshi’s market offering in Washington State.
The lawsuit contests whether Wisconsin’s gambling laws apply to Novig’s sports contracts or federal commodities jurisdiction takes precedence.
Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.
The filed rules would add a uniform minimum age and further trading protections at Ludlow Exchange.
The framework brings responsible-trading requirements into Novig’s exchange operations.