Federal judge blocks Minnesota’s prediction market ban days before it takes effect
Covered by 5 sources
- Bloomberg Markets·2h agoFIA CEO on Prediction Market 'Disruption,' Regulation
As prediction market giants like Kalshi and Polymarket begin offering perpetual futures trading with CFTC approval, other investment platforms are looking to expand their offerings. CME Group is launching single-stock futures, allowing investors to hedge or speculate on more…
Read at Bloomberg Markets → - Ars Technica·8h agoJudge blocks first state law that would have banned prediction markets
Judge may allow Minnesota to ban some types of bets, but not all of them.
Read at Ars Technica → - NYT Business·1d agoMinnesota Judge Blocks First State Ban on Prediction Markets Like Kalshi and Polymarket
The law, which would make it a felony for most prediction markets to operate and advertise in the state, was set to take effect on Saturday.
Read at NYT Business → - The Hill Politics·1d agoMinnesota prediction market ban paused by federal judge days before rollout
A federal judge on Monday halted a prediction market ban in Minnesota days before it was set to roll out. District Judge Katherine Menendez wrote that the Trump administration, Kalshi and Polymarket are “likely to succeed on the merits” in the case arguing that the state ban is…
Read at The Hill Politics → - NBC News Top·1d agoFederal judge blocks Minnesota’s prediction market ban days before it takes effect
The ruling follows lawsuits from the Justice Department, the Commodity Futures Trading Commission, Polymarket and Kalshi.
Read at NBC News Top →
