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Crypto.com's OG Files Federal Lawsuit Against Washington Gambling Enforcement on Wednesday

Enforcement Actions Prediction Market Regulation & Policy

2026-07-25 11:42:10

OG0.43%

According to Bitcoin.com News, Crypto.com's OG Prediction Markets filed a federal lawsuit on Wednesday seeking a permanent injunction to prevent Washington state officials from applying gambling laws to its event contracts. The CFTC-regulated exchange named Washington Attorney General Nick Brown and members of the Washington State Gambling Commission as defendants in the Western District of Washington. OG cited Washington's July 20 injunction against Kalshi as creating an imminent enforcement threat. The exchange argued that Congress granted the CFTC exclusive jurisdiction over designated contract markets, preempting state gambling restrictions. OG's complaint relies on the CFTC's July 14 intervention in Michigan, where the agency blocked Kalshi from canceling previously executed sports contracts, supporting the argument that completed derivatives transactions cannot be retroactively unwound.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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