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Judge Blocks Minnesota’s Prediction Market Ban | Richmond News
A federal judge has blocked Minnesota’s new ban on prediction markets, sparing platforms like Kalshi and Polymarket from immediate shutdown as legal battles unfold. The CFTC and market operators argue federal law alone governs these “event contracts,” while Minnesota’s AG insists they’re just gambling—and states have the right to ban them. This isn’t the first clash: the CFTC is actively resisting state overreach, and as states push to regulate or shut down these platforms, more lawsuits are expected. Meanwhile, the CFTC is quietly evaluating which event contracts might be risky—meaning the…
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