Kalshi sues State of Minnesota over prediction market ban

Kalshi Joins CFTS In Suing Minnesota Over Prediction Markets Criminalization - Robinhood Markets (NASDAQ:

Kalshi sued Minnesota in federal court this week, joining Donald Trump‘s Commodity Futures Trading Commission in challenging a law signed by Tim Walz that would make the state the first to criminalize prediction markets starting Aug. 1. Walz signed the bill May 18, and the CFTC filed its challenge the following day. Kalshi joined this week with its own complaint targeting state Attorney General Keith Ellison, Walz and gambling enforcement chief …

Kalshi follows CFTC in suing Minnesota over its law criminalizing prediction markets

The Governor of Minnesota signed into law a measure that starting August 1 makes it a crime to advertise and operate prediction market platforms across the state.

Kalshi sues State of Minnesota over prediction market ban

Kalshi is suing the State of Minnesota over a law that was passed earlier this month that bans prediction markets from being advertised or operated.

Kalshi and CFTC Sue Minnesota Over Prediction Market Ban

Prediction market platform Kalshi has launched a federal lawsuit against Minnesota. This is in an effort to block what would become the first state-level ban on prediction markets in the United States. The lawsuit comes just days after the Commodity Futures Trading Commission (CFTC) filed its own legal challenge against the law. That setting up a major confrontation over who has the authority to regulate the rapidly growing prediction market ind…

Kalshi challenges Minnesota prediction markets felony ban

Kalshi is asking a federal court to stop Minnesota from enforcing a new law that would make categories of prediction markets a felony offense. The lawsuit was filed Wednesday (May 27) in the U.S. District Court for the District of Minnesota and seeks emergency relief before the measure takes effect on August 1. The New York company runs a federally regulated derivatives exchange where customers buy and sell event contracts tied to real-world out…

A New Lawsuit: Kalshi & the Future of Prediction Market

Kalshi has launched a federal lawsuit against Minnesota. It happened after the state had passed a second bill about prediction markets. It only intensified the already complex situation of the industry’s future in the United States. The lawsuit had arrived after the Commodity Futures Trading Commission (CFTC) sued Minnesota over provisions included in SF 4760. The bill was signed by Governor Tim Walz. Walz has also approved SF 3432 on May 26 – h…