Kalshi follows CFTC in suing Minnesota over law criminalizing prediction markets

Image for article Kalshi follows CFTC in suing Minnesota over law criminalizing prediction markets
News Source : CoinDesk

News Summary

  • The Governor of Minnesota signed into law a measure that, starting Aug.
  • 1, makes it a crime to advertise and operate prediction market platforms across the state.
  • Prediction market Kalshi filed a federal lawsuit against a Minnesota bill to criminalize operating, hosting or promoting such a platform in the state starting August 1.
  • The filing follows a motion filed by the Commodity Futures Trading Commission (CFTC) on May 19, the day after the law was signed by Governor Tim Walz.
Prediction market Kalshi filed a federal lawsuit against a Minnesota bill to criminalize operating, hosting or promoting such a platform in the state starting Aug. 1.

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