Federal Judge Blocks Minnesota's Prediction Market Ban
A federal judge has issued a preliminary injunction halting the enforcement of Minnesota’s law banning prediction markets, which was set to take effect on July 25, 2026. The ruling came in response to a lawsuit filed by the Trump administration and companies including Kalshi and Polymarket. Judge Katherine Menendez ruled that enforcing the state ban would harm the plaintiffs and noted that federal law takes precedence over such restrictions. The decision is seen as a significant win for prediction market platforms, which have faced increasing regulatory scrutiny in several U.S. states. The ruling underscores ongoing legal battles between state governments seeking to regulate these markets and companies asserting their compliance with federal frameworks.
