Michigan Judge Rules Sports Prediction Market Outside CFTC Jurisdiction; Polymarket Loses Injunction
A Michigan federal judge ruled that sports prediction markets are outside the jurisdiction of the CFTC, a decision in which Polymarket also lost its application for an injunction. The ruling follows the CFTC's earlier lawsuit against New Mexico over prediction market jurisdiction and the gaming industry's lobbying efforts to exclude sports prediction markets from the crypto bill under congressional consideration.
A Michigan federal judge ruled sports prediction markets fall outside CFTC jurisdiction; Polymarket separately lost its injunction application in the same case.
Story timeline · 5 days
- Jun 19, 20264California and Minnesota AGs Challenge CFTC Jurisdiction Over Prediction Markets
California and Minnesota state attorneys general formally questioned CFTC's authority over prediction markets, adding state-level legal opposition to the prior Michigan court ruling.
- Jun 18, 20264· this storyMichigan Judge Rules Sports Prediction Market Outside CFTC Jurisdiction; Polymarket Loses Injunction
A Michigan federal judge ruled sports prediction markets fall outside CFTC jurisdiction; Polymarket separately lost its injunction application in the same case.
- Jun 17, 20265Prediction Market Regulation: CFTC-New Mexico Lawsuit; Gaming Industry Lobbying
US gaming industry and tribal coalitions filed formal lobbying and amicus briefs against prediction market inclusion in crypto bill, expanding the regulatory dispute.
- Jun 15, 20264CFTC Sues New Mexico Over Prediction Market Jurisdiction
CFTC lawsuit against New Mexico over prediction market jurisdiction confirmed as formal regulatory action asserting federal authority.
- Jun 13, 20264CFTC Asserts Federal Jurisdiction Over New Mexico in Regulatory Dispute