Coinbase legal executive says Wisconsin prediction-market case may reach Supreme Court
Coinbase legal executive Ryan VanGrack said a lawsuit by Wisconsin Attorney General Josh Kaul against prediction-market companies could reach the US Supreme Court. Kaul alleges the platforms offer unregulated sports betting, while VanGrack says federal regulation by the Commodity Futures Trading Commission applies; the CFTC has separately challenged Wisconsin’s authority in court.
The dispute may determine whether state or federal authorities regulate prediction-market sports contracts in Wisconsin.