News Summary

• The Commodity Futures Trading Commission is suing multiple states for trying to rein in prediction markets.
• On Monday, Minnesota Gov.
• Tim Walz signed a total ban on futures trading platforms like Kalshi and Polymarket.
• The Trump administration filed a lawsuit Tuesday to prevent the ban from going into place on Aug.
• At least 15 states introduced legislation in 2026 attempting to regulate prediction markets, with many attempting to use their authority over gambling and sports betting to regulate events contracts platforms.