Minnesota Ramps Up Battle With Trump in Court Filing Against Prediction Markets
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Minnesota Ramps Up Battle With Trump in Court Filing Against Prediction Markets
Minnesota state authorities have accused President Donald Trump of actively trying to regulate prediction markets for personal gain in a new court filing as part of their legal battle with the industry.The document was filed in the state's cases against Kalshi, Polymarket, and the Commodity Futures Trading Commission (CFTC). All three had filed lawsuits against Minnesota in response to the state's ban on prediction markets.The filing argues that…
Minnesota defends prediction market restrictions amid federal court challenge
Minnesota is telling a federal court that prediction markets carry risks ranging from gambling addiction to insider trading as officials work to preserve a new state law facing challenges from Kalshi, Polymarket and the U.S. Commodity Futures Trading Commission. In a memorandum filed June 18, state attorneys asked the U.S. District Court for the District of Minnesota to reject requests for preliminary injunctions that would block the law before …
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