diff --git a/x/wasm/keeper/msg_dispatcher.go b/x/wasm/keeper/msg_dispatcher.go
index 1a32af40..51650d85 100644
--- a/x/wasm/keeper/msg_dispatcher.go
+++ b/x/wasm/keeper/msg_dispatcher.go
@@ -107,7 +107,7 @@ func (d MessageDispatcher) DispatchSubmessages(ctx sdk.Context, contractAddr sdk
 			commit()
 			filteredEvents = filterEvents(append(em.Events(), events...))
 			ctx.EventManager().EmitEvents(filteredEvents)
-			if msg.Msg.Wasm != nil {
+			if msg.Msg.Wasm == nil {
 				filteredEvents = []sdk.Event{}
 			}
 		} // on failure, revert state from sandbox, and ignore events (just skip doing the above)