State v. operator
State of Wisconsin v. Foris Dax Markets, Inc.
U.S. District Court for the Western District of Wisconsin (removed from Dane County Circuit Court, No. 2026CV001286), 3:26-cv-00381
Pending
Removed April 24, 2026. The magistrate judge denied a stay pending the remand ruling on May 11, 2026; Wisconsin's remand motion (May 14, 2026) and the defendant's conditional cross-motion to stay pending appeal (June 15, 2026) were pending as far as verified; no ruling found as of October 2026.
The question
Whether Wisconsin's enforcement suit belongs in federal or state court, and whether Wisconsin gambling law can be applied to the operator's event contracts.
Wisconsin's suit against Crypto.com's derivatives exchange was removed; Foris Dax Markets was dropped by stipulation in June 2026.
Docket timeline
Foris Dax Markets dismissed without prejudice by stipulation.
Source: dockets.justia.com
Wisconsin moves to remand.
Source: dockets.justia.com
Case removed.
Source: dockets.justia.com