Minnesota News & Prediction Market Coverage
Track the latest Minnesota news across prediction markets. Prediction News is following 13 active Minnesota stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
CFTC sues Minnesota to block nation's first felony prediction market ban
LegalMichigan judge blocks Kalshi sports bets while Illinois tax fight heads to court
LegalCFTC sues New Mexico to block state gambling enforcement against prediction markets
LegalMinnesota defends felony prediction market ban against Trump accusation filings
LegalIllinois enacts first U.S. state tax on sports event contracts
LegalPolymarket joins Kalshi in federal suit challenging Minnesota prediction market ban
LegalKalshi sues Minnesota to block first US felony ban on prediction markets
LegalKalshi sues Minnesota to block nation's first felony prediction market ban
LegalCFTC sues Rhode Island to block state enforcement against Kalshi and Polymarket
LegalRhode Island and Kalshi file dueling lawsuits over sports event contracts
LegalMinnesota enacts first state ban on Kalshi and Polymarket as Trump administration sues to block it
LegalCFTC sues Minnesota to block nation's first felony ban on event contracts
LegalFour N.M. tribes sue Kalshi, say sports markets violate tribal gaming compacts
Frequently Asked Questions
What is Minnesota's prediction market ban?
Minnesota passed the first state law making it a felony for prediction market operators and users to offer or participate in event contracts on topics including sports, elections, entertainment, weather, and world affairs.
When does Minnesota's prediction market ban take effect?
The felony ban is scheduled to take effect August 1, 2026.
Why is the CFTC suing Minnesota over prediction markets?
The CFTC sued Minnesota and Governor Tim Walz to block the ban, arguing that federal law gives the agency exclusive authority to regulate event contracts and that state criminal penalties are preempted.
Has Kalshi sued Minnesota over the prediction market ban?
Yes, Kalshi filed a federal lawsuit against Minnesota seeking to enjoin the ban on preemption and dormant Commerce Clause grounds.
Has Polymarket sued Minnesota over the prediction market ban?
Yes, Polymarket joined the federal challenge, filing its own complaint against Minnesota, Governor Tim Walz, and Attorney General Keith Ellison.
Is Minnesota the first state to ban prediction markets?
Yes, Minnesota enacted the nation's first felony-level prohibition on prediction markets.