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Google bars prediction market advertising in Michigan and New York

Regulation

Google extended its US advertising restrictions for prediction market contracts to Michigan and New York, the company said in a 13 July policy update. The ban took effect on that date; the policy requires eligible operators to have specified federal regulatory status. The update follows legal action involving Kalshi in both states, the source reported.

Operators offering prediction market products face advertising restrictions in two additional US states.

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Regulation

Minnesota governor bars state employees from prediction-market trading

Minnesota Governor Tim Walz signed an executive order barring state agency employees from using confidential or non-public work information to participate in prediction markets. The prohibition applies whether or not an employee makes a profit, and violations may lead to discipline, including dismissal. The order follows a federal judge’s preliminary injunction blocking implementation of a state law banning prediction markets.

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