Minnesota Judge Blocks Prediction-Market Ban, Allowing Kalshi and Polymarket to Operate
A federal judge in Minnesota has issued a preliminary injunction blocking the enforcement of a new law banning prediction markets. This ruling allows Kalshi and Polymarket to continue their operations while the legality of the law is under review, marking a significant legal victory for the prediction market sector amidst increasing regulatory scrutiny.
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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.
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.