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Operator v. state

Ludlow Exchange LLC v. Kaul

U.S. District Court for the Western District of Wisconsin, 3:26-cv-00761

Pending

Complaint filed Aug. 14, 2026; no PI motion or ruling found (docket retrieved Aug. 14, 2026; DeFi Rate Oct. 2026 lists the case as active).

The question

Whether the Commodity Exchange Act preempts Wisconsin gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.

Ludlow Exchange LLC d/b/a Novig sued Wisconsin officials in federal court seeking declaratory and injunctive relief against application of state gambling law to its event contracts.

Docket timeline

  1. Complaint filed.

    Source: dockets.justia.com

Sources

  1. Justia docket: Ludlow Exchange v. Kaul, W.D. Wis. 3:26-cv-00761
  2. DeFi Rate legal tracker snapshot (Oct. 2026)

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