Judge may allow Minnesota to ban some types of bets, but not all of them.
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Preempted
Judge may allow Minnesota to ban some types of bets, but not all of them.
Getty Images | AFP/Martin Lelievre
Minnesota, the first US state to prohibit prediction markets, was prevented from enforcing the law by a federal court ruling just days before the ban was scheduled to take effect. But while Minnesota was stopped from enforcing a total ban, the state may ultimately be allowed to prohibit some types of prediction-market wagers.
The ruling follows lawsuits by the Justice Department, the Commodity Futures Trading Commission, Polymarket and Kalshi.
The preliminary injunction comes as the Justice Department, the CFTC, Kalshi, and Polymarket challenge the law in court.
A federal judge has temporarily blocked Minnesota's law banning prediction markets, which was set to take effect Saturday.
The law, which was scheduled to take effect Saturday, would have made it a crime to create or operate prediction markets or help…
Passing the law was a bit of an experiment in the first place.
Minnesota becomes the first US state to ban prediction markets, making it a felony to operate platforms like Polymarket and…
