Minnesota Attorney General Keith Ellison filed a memorandum opposing the CFTC’s motion for a preliminary injunction against the state’s prediction market statute, according to the report.
Minnesota’s filing contests federal intervention in state prediction market laws, a dispute that could affect the state’s regulatory authority.
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West Virginia Attorney General JB McCuskey expects the US Supreme Court to rule on sports event prediction markets in 2027. He gave the forecast at the summer meeting of the National Council of Legislators from Gaming States, where other state officials shared the view.
Missouri Attorney General Catherine Hanaway ordered Polymarket, Kalshi, Crypto.com, Novig, Underdog and Robinhood to comply with state sports wagering laws or stop offering sports event contracts in Missouri. The companies have 30 days to confirm compliance; the state says the contracts require Missouri Gaming Commission licences, and Robinhood disputes the state’s position.
Missouri Attorney General Catherine Hanaway plans to pursue cease-and-desist measures targeting prediction market operators. Hanaway wants the companies to comply with Missouri gaming legislation and pay gambling taxes, and said she would sue if they do not.
Heartland News was told by Missouri's attorney general, Catherine Hanaway, that her office is getting ready to issue a cease-and-desist action aimed at prediction market companies doing business in the state. In her view, sports event contracts count as gambling under Missouri law, and she said the way prediction markets and traditional sportsbooks arrange their fees makes no difference to that conclusion.
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.
A federal judge in Minnesota has granted a preliminary injunction against the state's ban on prediction markets. The judge found the law is likely preempted by federal authority.