▲ 400 r/Minneapolis
Minnesota is now being sued for banning prediction markets
Minnesota has passed a bipartisan law that bans prediction markets, like Kalshi and Polymarket. The federal government is now trying to sue Minnesota, claiming that the CFTC has the “exclusive jurisdiction” over the regulation of these markets.
New law that bans prediction markets is in article 8: https://www.revisor.mn.gov/laws/2026/0/Session+Law/Chapter/97/
Complaint for injunction: https://www.cftc.gov/media/13941/OGC\_MinnesotaComplaint051926/download
u/J_Blaze11 — 2 days ago