Prediction Market Ban: U.S. CFTC Sues Minnesota To Block State Law Banning Polymarket, Kalshi

The U.S. Commodity ​Futures ​Trading Commission (CFTC) has sued Minnesota to block a state law that Governor Tim Walz recently signed, instituting a prediction market ban. This marks the latest lawsuit that the Commission has brought against U.S. states as it seeks to protect its exclusive jurisdiction over platforms such as Polymarket and Kalshi.