Operator v. state
Underdog Exchange DCM, Inc. v. Kaul
U.S. District Court for the Western District of Wisconsin, 3:26-cv-00858
Pending
Complaint filed Sept. 8, 2026; assigned to Judge William M. Conley as related to the state's removed suits (3:26-cv-00375, -00378, -00381). No PI motion or ruling found (docket retrieved Sept. 8, 2026; DeFi Rate Oct. 2026 lists no relief granted).
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.
Underdog Exchange DCM, Inc. and its affiliate UDM, LLC (Underdog Predict) sued Wisconsin officials in federal court seeking declaratory and injunctive relief against application of state gambling law to their event contracts.
Docket timeline
Complaint filed.
Source: dockets.justia.com