CoinDesk·4 min read·hard
Kalshi, Polymarket win pause against Minnesota's prediction market ban
N
Nikhilesh De
✦AI Summary
A U.S. federal judge has issued a preliminary injunction blocking Minnesota from enforcing a law that bans prediction markets. The court indicated that the state law is likely preempted by federal jurisdiction over commodities and swaps.
Judge Katherine Menendez, of the U.S. District Court for the District of Minnesota, ruled Monday that Minnesota’s recently passed law that would ban prediction market operators from offering their products in the state seems to be preempted by the federal CEA, and that the companies and federal regulator “are likely to succeed” in showing so after a full trial.
businesscryptopolitics
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