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Federal government sues Minnesota over prediction market ban
The federal government sued Minnesota after a state legislators passed a bill that would ban prediction market companies from operating in the state.
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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.
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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.
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gizmodo.com
Minnesota Becomes First State to Ban Prediction Markets, Feds Immediately Sue
The CFTC has sued several states that have tried to regulate prediction markets at the local level.
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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.
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Feds Sue Over Prediction-Market Ban
The federal regular is asking for an order that would stop the law from going into effect on Aug. 1, according to the complaint.
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theverge.com
Minnesota is battling the Trump administration over prediction markets.
The state became the first to enact a ban on prediction markets, but a lawsuit from the Commodity Futures Trading Commission is trying to keep it from taking effect, arguing it’s…
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cryptobriefing.com
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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cointelegraph.com
CFTC Sues Minnesota, Governor Walz over Prediction Markets Ban
CFTC Chair Michael Selig, the sole leader at the financial agency, has jumped into another legal battle over state-level actions against prediction markets by filing suit against…
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huffpost.com
Trump Admin Sues Minnesota Over Prediction Market Ban
The Minnesota law bans hosting prediction markets on athletic events as well as trading on the outcomes of emergencies and popular culture events.
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businessinsider.com
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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heise.de
Minnesota verbietet Prognosemärkte als erster US-Bundesstaat
Ein Landesgesetz geht erstmals gegen Wett-Plattformen wie Polymarket und Kalshi vor. Die Bundesbehörde CFTC sieht darin einen Eingriff in ihre Zuständigkeit.
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qz.com
CFTC sues Minnesota to block prediction market ban
The federal agency argues Minnesota's ban, signed by Gov. Tim Walz, undermines a federal regulatory framework established by Congress more than 50 years ago
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washingtonexaminer.com
Trump administration targets Minnesota ban on prediction markets
Gov. Tim Walz recently signed a bill into law that imposes criminal penalties for operating or advertising a prediction market in the state.
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arstechnica.com
Minnesota prohibits prediction markets, promptly gets sued by Trump admin
State law makes it a felony to create, operate, or advertise prediction markets.
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Minnesota bans prediction markets, Trump administration files lawsuit
Minnesota becomes the first US state to ban prediction markets. The CFTC sues, calling it the most aggressive state move against federally regulated markets.
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abcnews.com
Federal government sues Minnesota over prediction market ban
The federal government sued Minnesota after a state legislators passed a bill that would ban prediction market companies from operating in the state.
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Minnesota becomes first state to ban prediction markets, setting up legal showdown with Trump
Minnesota becomes the first US state to ban prediction markets, making it a felony to operate platforms like Polymarket and Kalshi. Trump has sued to block the law.
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cnbc.com
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.