Federal Court Blocks Minnesota's Ban on Prediction Markets
A federal court in Minnesota has blocked a law that would have banned prediction markets, including platforms like Kalshi and Polymarket. The law was set to criminalize the operation of these markets, reflecting ongoing legal debates about their regulation. This ruling comes just before the law's implementation, highlighting the contentious nature of prediction market regulations.
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Federal Court Blocks Minnesota's First-In-The-Nation Law Banning Prediction Markets
The law, which was scheduled to take effect Saturday, would have made it a crime to create or operate prediction markets or help administer nearly any activity connected to one.
Minnesota Judge Blocks Prediction-Market Ban but Says Some Contracts Aren’t Swaps
U.S. District Judge Katherine Menendez blocked Minnesota from enforcing the first state felony ban on prediction markets days before its Aug. 1 start. The ruling gives Kalshi and Polymarket US broad temporary protection, even as the judge found that entertainment and other contracts may fall outside federal swap regulation. A broad injunction built on a […]
Federal court shields Kalshi and Polymarket from Minnesota’s felony crackdown days before deadline
KalshiEX and Polymarket US can keep serving Minnesota users while the merits and contract boundary remain unsettled. The post Federal court shields Kalshi and Polymarket from Minnesota’s felony crackdown days before deadline appeared first on CryptoSlate .
Kalshi, Polymarket Score Win as Judge Blocks Minnesota Prediction Market Ban—For Now
The order turns on whether each contract counts as a swap under federal law, and the judge found that not every one does.
Judge blocks Minnesota from enforcing prediction market ban in win for Kalshi, Polymarket
A federal judge issued a preliminary injunction on Monday, blocking Minnesota from enforcing its new law banning prediction markets.
US judge temporarily blocks Minnesota prediction market ban
The preliminary injunction allows Kalshi and Polymarket US to continue operating in Minnesota while the court considers their challenge to the state law.
Minnesota Judge Blocks First State Ban on Prediction Markets Like Kalshi and Polymarket
The law, which would make it a felony for most prediction markets to operate and advertise in the state, was set to take effect on Saturday. Prediction markets like Kalshi and Polymarket have surged in popularity in recent months.
Kalshi, Polymarket win pause against Minnesota's prediction market ban
A federal judge ruled that Minnesota's law criminalizing prediction markets would probably violate the federal Commodity Exchange Act.