While dozens of states have taken legal action against the controversial industry, Minnesota is the first state to pass a law making it a felony for companies like Kalshi and Polymarket to operate.
Minnesota has enacted the most far-reaching crackdown on massively popular services like Kalshi and Polymarket.
Steve Karnowski/Associated Press
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Steve Karnowski/Associated Press
Minnesota Becomes First State to Ban Prediction Markets, Feds Immediately Sue
Prediction markets face a ban in one state, but the fight's not over
Minnesota bans prediction markets, Trump administration files lawsuit
Minnesota prohibits prediction markets, promptly gets sued by Trump admin
Minnesota is battling the Trump administration over prediction markets.
Minnesota Bans Prediction Markets—And Is Sued By the Trump Admin Hours Later - Decrypt
Trump Admin Sues Minnesota Over Prediction Market Ban
CFTC sues Minnesota over first explicit state ban on prediction markets
Trump administration targets Minnesota ban on prediction markets
Minnesota verbietet Prognosemärkte als erster US-Bundesstaat
The CFTC has sued several states that have tried to regulate prediction markets at the local level.
The CFTC is suing Minnesota and Gov. Tim Walz over a ban on prediction markets like Polymarket and Kalshi, set to take effect in…
Minnesota becomes the first US state to ban prediction markets. The CFTC sues, calling it the most aggressive state move against…
State law makes it a felony to create, operate, or advertise prediction markets.
The state became the first to enact a ban on prediction markets, but a lawsuit from the Commodity Futures Trading Commission is…
Minnesota's ban has made it a felony to create or operate a prediction market in the state. The CFTC and DOJ say it violates…
