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Minnesota’s prediction markets ban has been derailed.
A preliminary injunction has been granted to halt the Minnesota law that was due to go into effect on Saturday. Siding with a lawsuit filed by the Trump administration, Kalshi, and Polymarket, federal judge Katherine Menendez said the plaintiffs would be harmed by enforcement and that federal law supersedes the ban. [Link: Federal judge blocks Minnesota’s prediction market ban days before it takes effect | https://www.nbcnews.com/tech/tech-news/minnesota-prediction-market-ban-blocked-federal-judge-rcna589494 | NBC News]
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nbcnews.com
Federal judge blocks Minnesota’s prediction market ban days before it takes effect
The ruling follows lawsuits by the Justice Department, the Commodity Futures Trading Commission, Polymarket and Kalshi.
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coindesk.com
Kalshi, Polymarket win pause against Minnesota's prediction market ban
A federal judge ruled that Minnesota's law criminalizing prediction markets would probably violate the federal Commodity Exchange Act.
