Wisconsin DOJ Sues Coinbase, Kalshi and 3 More Over Sports Betting Event Contracts

TLDR: Wisconsin sued five firms over sports contracts it says function like illegal sports betting. Kalshi says federal law and CFTC oversight place prediction markets outside state control. Coinbase cited a Third Circuit ruling against state-by-state regulation of derivatives. DOJ seeks injunctions to block sports event contracts for Wisconsin-based customers. Wisconsin’s Department of Justice has [...]

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