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Prediction markets face a ban in one state, but the fight's not over
The CFTC is suing Minnesota and Gov. Tim Walz over a ban on prediction markets like Polymarket and Kalshi, set to take effect in August.
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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.
