By SectorWire desk ·
Crypto.com’s OG sued Washington state over threatened enforcement concerning allegedly illegal betting. Another prediction-market operator registered with the CFTC had already sued Washington.
The lawsuit challenges Washington’s proposed application of gambling enforcement to OG.
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The lawsuit contests Washington’s authority over OG’s event-contract products.
The lawsuit seeks protection for OG against prospective Washington enforcement.
The applications could enable Blockchain.com to seek approval to bring prediction markets and regulated trading to US users.
The partnership assigns OG.com infrastructure and clearing responsibilities for Robinhood’s retail event contracts through its CFTC-regulated exchange and clearinghouse.
The Ninth Circuit upheld Nevada’s enforcement against Kalshi, rejecting federal financial regulation as protection from state gambling laws.
Kalshi faces a lawsuit seeking to stop its Connecticut sports contracts while contesting state gambling authority under federal oversight.