Judge Blocks Minnesota’s Prediction Market Ban | Virginia Beach News

A federal judge has blocked Minnesota’s new law banning prediction markets, citing potential harm to companies like Kalshi and Polymarket as the legal battle unfolds. The core dispute? Whether these platforms are regulated commodities or illegal gambling. Minnesota argues they’re mostly sports betting, which it can regulate, while federal regulators and the companies insist they fall under CFTC jurisdiction. The judge sided with the federal side for now, signaling a likely federal win. This isn’t isolated—states across the country are trying to ban these markets, but the federal government is stepping in with lawsuits and even considering its own rules to manage what it deems “contrary to the public interest.” Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/15feb4c58c5cbbc3