Kalshi Sues Minnesota Over Prediction Market Ban
KalshiEX filed a federal complaint in Minnesota seeking declaratory and injunctive relief against state officials over a new prediction-market ban. The lawsuit argues Minnesota is trying to regulate federally supervised event contracts as illegal wagering, directly conflicting with the Commodity Exchange Act and the CFTC’s claimed exclusive jurisdiction over designated contract markets.
Minnesota Prediction Market Ban Draws Swift CFTC Challenge
Minnesota has moved prediction markets into the center of a high-stakes regulatory fight after Governor Tim Walz signed a law making the operation or promotion of such markets a felony in the state. The ban is scheduled to take effect on August 1, 2026, but its future is already in doubt after the Commodity Futures […]