CFTC, Kalshi Face Setback as Court Backs Wisconsin in Sports Prediction Market Dispute

Tradeweb Elevates Prediction Markets Alongside AI and Tokenisation

Tradeweb reported a 9% rise in second-quarter revenue to $558.9 million as average daily volume reached a quarterly record of $3.01 trillion. Beyond the financial results, CEO Billy Hult used the earnings release to place the company's Kalshi partnership alongside artificial intelligence and tokenisation as technologies shaping the next phase of institutional electronic trading. Tradeweb now presents prediction-market data as part of the same lo…

Prediction Markets Lose Big in New York & Wisconsin Rulings

Prediction markets suffered legal setbacks in two rulings this week as judges in Wisconsin and New York sided against the CFTC and Kalshi. In New York, the Second Circuit denied Kalshi's emergency motion for an injunction to prevent state authorities from enforcing gambling laws against the company. It has now referred the motion to a three-judge panel.If the panel also denies the motion, then New York may take enforcement action against Kalshi.…

Federal Court Gives Wisconsin Preliminary Win in CFTC's Case Against State, But Change of Venue Denial Makes Appeals Certain

Federal Judge William C. Griesbach simultaneously denied a series of motions in USA, et al. v. State of Wisconsin, et al. on Wednesday, the most prominent of which was the Commodity Futures Trading Commission’s request for a preliminary injunction blocking Wisconsin officials’ attempts to enforce state gambling laws against prediction market exchange operators. Those efforts will continue at this time, involving a lawsuit in the Wisconsin federa…

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. In a 28-page decision, U.S. District Judge William C. Griesbach denied the CFTC’s request for a preliminary injunction. He concluded the agency “has failed t…

Binance.US to challenge Kalshi and Polymarket with new prediction market push

Binance.US is gearing up to take on prediction market leaders Kalshi and Polymarket. The American platform is seeking a Commodity Futures Trading Commission (CFTC) license to launch its own prediction market. During a panel at Rare Evo in Las Vegas, the platform’s CEO, Stephen Gregory, confirmed that they plan to apply for a designated contract market (DCM) license next month. A DCM classification should open the door for retail clients to trade…

CFTC Loses Fight to Protect Kalshi in Wisconsin Prediction Case

The post Breaking: CFTC Loses Fight to Protect Kalshi in Wisconsin Prediction Markets Case appeared first on Coinpedia Fintech News Kalshi’s fight to keep its sports prediction contracts under federal protection just hit a major roadblock. A Wisconsin federal judge has refused to block state gambling laws against Kalshi and four other major prediction platforms, rejecting the CFTC’s push for exclusive federal control. Wisconsin Court Rejects CFT…