Minnesota Governor Tim Walz signed a law banning prediction markets in the state, with the measure due to take effect on 1 August 2026. The law allows weather-related markets; the CFTC has filed a lawsuit seeking to block it, arguing that it challenges federal oversight of its regulated markets.
Prediction-market operators face a state prohibition and a federal court challenge over the law’s implementation.
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Minnesota’s proposed ban on certain prediction-market event contracts was awaiting Governor Tim Walz’s signature, according to the report. The available text gives no further details on the measure or its scope.
Most sports fans in the United States are not using prediction markets, according to an FGS Global survey. The New York-based advisory and communications consultancy polled Americans on how they are responding to new opportunities in sports, including sports betting and sports event contracts.
Illinois Governor JB Pritzker signed Senate Bill 2749, recognising gambling disorder as an addiction, according to the report. The law amends the Substance Use Disorder Act and allows the state Department of Human Services to develop prevention, treatment and support programmes; it provides no dedicated new funding or implementation timetable.
Illinois Governor JB Pritzker signed Senate Bill 2749 into law, bringing gambling disorder under the state’s Substance Use Disorder Act. The law expands the Illinois Department of Human Services’ support role and requires gambling establishments and master sports wagering licensees to display help information; it also provides for a dedicated hotline and website.
It was reported that Illinois Governor Jay Robert Pritzker signed Senate Bill 2749 into law. The measure expands gambling education and strengthens prevention and treatment initiatives.