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CFTC sues Minnesota to block prediction market ban set for August 1
The CFTC filed a lawsuit to block Minnesota's prediction market ban taking effect August 1, asserting federal jurisdiction over event contracts.
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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.
