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    • FRAUD AND MANIPULATION—N.D. Ill.: Sprout Social will face fraud suit over ‘upmarket‘ shift
    • CFTC NEWS AND SPEECHES—Commission issues no-action letter for DCMs converting perpetual futures
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    • FEDERAL PREEMPTION—7th Cir.: District court should’ve blocked Wisconsin from enforcing gambling laws, argues Kalshi as amicus
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    • FRAUD AND MANIPULATION—S.D.N.Y.: Former CIO of Western Asset consents to final judgment and pleads guilty
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    Securities Regulation Daily Wrap Up, FEDERAL PREEMPTION—7th Cir.: District court should’ve blocked Wisconsin from enforcing gambling laws, argues Kalshi as amicus, (Oct 7, 2026)

    Law Firms Mentioned:Milbank LLP
    Organizations Mentioned:KalshiEX LLC

    By Rebecca E. Hoffman, J.D.

    Only the CFTC can regulate Kalshi’s event contracts, including those related to sports, the brief emphasizes.

    The Eastern District of Wisconsin “profoundly erred” in denying the CFTC’s motion to enjoin the state’s en ...

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