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Prediction markets are fueling a high-stakes brawl between states and federal regulators
Sixteen states are in legal proceedings against prediction market platforms, while one state has moved to ban them.
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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.
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theblock.co
CFTC sues Minnesota over first explicit state ban on prediction markets
Minnesota’s law could expose exchanges, payment providers, media partners, and sports leagues to criminal liability.
