Minnesota News & Prediction Market Coverage
Track the latest Minnesota news across prediction markets. Prediction News is following 8 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
New Jersey asks Supreme Court to settle Kalshi sports-contracts fight
TradingKalshi prices five NFL preseason Week 2 lines as starters sit
LegalFederal judge blocks Minnesota's first-in-the-nation prediction market ban
LegalMinnesota governor bans state workers from insider trading on prediction markets
LegalCFTC 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
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.