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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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decrypt.co
Minnesota Bans Prediction Markets—And Is Sued By the Trump Admin Hours Later - Decrypt
Minnesota's ban has made it a felony to create or operate a prediction market in the state. The CFTC and DOJ say it violates federal law.
