The Governor of Minnesota signed into law a measure that starting August 1 makes it a crime to advertise and operate prediction market platforms across the state.

Prediction market giant Kalshi has asked a federal judge to prevent Minnesota from allowing the ban to go into effect in August.

Following the CFTC's suit, Kalshi has sued the state of Minnesota after Governor Tim Walz signed a law blocking prediction markets.

Kalshi, CFTC Chair Michael Selig, and US President Donald Trump all made public statements this week supporting federal regulation over prediction markets in response to…

The Governor of Minnesota signed into law a measure that starting August 1 makes it a crime to advertise and operate prediction market platforms across the state.