SectorWire
SearchRegister
MenuClose

CFTC sues Minnesota over state prediction-market ban

Regulation

The Commodity Futures Trading Commission has sued Minnesota and state officials, arguing that federal law governs prediction markets and event contracts. Minnesota Governor Tim Walz signed a bill banning platforms from offering contracts on war, sports, political and cultural events in the state; Rhode Island's attorney general has separately sued prediction-market platforms.

The competing state and federal claims could shape regulators' authority over prediction markets.

Request a correction

Flag an issue

Keep reading

Regulation

Kalshi challenges Minnesota prediction-market ban in court

Kalshi filed a lawsuit seeking to block Minnesota’s law banning prediction markets from 1 August 2026. The company argues the measure conflicts with federal authority over contract markets and violates First Amendment rights, and is seeking an injunction while the case proceeds. Minnesota Attorney General Keith Ellison said the state intends to defend the law.

Continue reading