Court Sides With Kalshi and Polymarket Over Minnesota’s August 1 Ban

A federal judge blocked Minnesota’s prediction market ban on Monday, handing Kalshi, Polymarket US, and the Commodity Futures Trading Commission (CFTC) a preliminary injunction days before the law’s August 1 effective date. US District Judge Katherine Menendez found the Commodity Exchange Act (CEA) likely preempts the statute. Her order bars enforcement against CFTC-registered designat