Stay ahead of every line

Daily betting and casino industry insights, straight to your inbox.

Subscribe BetFocus cover image
  • Home
  • Regulation
  • Prediction Markets Legal Setbacks in New York & Wisconsin
Prediction Markets Legal Setbacks in New York & Wisconsin
By Editorial profile image Editorial

Prediction Markets Legal Setbacks in New York & Wisconsin

Prediction markets suffered legal setbacks in New York and Wisconsin this week as judges ruled against the CFTC and Kalshi.

Prediction markets suffered legal setbacks in New York and Wisconsin this week as judges ruled 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. The case has been referred to a higher court for further review.

By Editorial profile image Editorial
Updated on
Regulation Prediction Markets CFTC Kalshi New York Wisconsin