Minnesota bans specified prediction markets as CFTC seeks injunction

Regulationjust now

Minnesota enacted a law prohibiting specified prediction-market contracts, with the ban due to take effect on 1 August 2026. The CFTC sued Governor Tim Walz and other state officials in federal court, seeking a preliminary injunction and arguing that prediction markets fall under federal jurisdiction. Kalshi and Polymarket also criticised the law.

The court challenge could affect whether prediction-market operators may offer the covered contracts in Minnesota.

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Regulation28 Jul 2026

Judge blocks Minnesota prediction markets ban over CFTC jurisdiction

A federal judge blocked Minnesota's proposed ban on prediction markets. Judge Katherine Menendez ruled that the CFTC holds sole authority over event contracts and that the block would cause irreparable harm to Kalshi and Polymarket.

Minnesota bans specified prediction markets as CFTC seeks injunction

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Keep reading

Judge blocks Minnesota prediction markets ban over CFTC jurisdiction

Minnesota challenges CFTC authority over prediction markets in court filing

California and Minnesota attorneys general challenge CFTC prediction-market oversight

Polymarket sues Minnesota over prediction market ban

Kalshi challenges Minnesota prediction-market ban in court