CFTC sues to block Minnesota prediction market ban
The CFTC sued to block a Minnesota law banning prediction markets. Regulators argue the ban unconstitutionally interferes with federal oversight of derivatives.
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US Regulator Sues to Block Minnesota's First-in-Nation Ban on Prediction Markets
The Commodity Futures Trading Commission (CFTC) sued to block a Minnesota law that bans prediction markets, the first state-level prohibition of its kind. The lawsuit follows Governor Tim Walz signing legislation on Tuesday that criminalizes the operation or promotion of these platforms starting August 1. The outcome will define whether federal regulators or Minnesota officials control the multibillion-dollar prediction market industry.
