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Minnesota is battling the Trump administration over prediction markets.
The state became the first to enact a ban on prediction markets, but a lawsuit from the Commodity Futures Trading Commission is trying to keep it from taking effect, arguing it’s the domain of the federal government, NPR reports. [Link: Minnesota becomes first state to ban prediction markets | https://www.npr.org/2026/05/19/nx-s1-5821265/minnesota-ban-prediction-markets | NPR]
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npr.org
Minnesota becomes first state to ban prediction markets
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…
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frontofficesports.com
CFTC Sues Minnesota to Block Prediction Market Ban
“This Minnesota law turns lawful operators and participants in prediction markets into felons overnight,” the CFTC chairman said.
