The ruling follows lawsuits by the Justice Department, the Commodity Futures Trading Commission, Polymarket and Kalshi.
A federal judge granted a preliminary injunction pausing Minnesota’s first-of-its-kind prediction market ban Monday, days before it was slated to go into effect. The ruling comes after the Justice Department and the Commodity Futures Trading Commission, along with Kalshi and Polymarket US, filed lawsuits responding to the law, which was scheduled to take effect Saturday.
U.S. District Judge Katherine Menendez ruled that the plaintiffs “have met their burden to show they are likely to succeed, at least in part,” on their claims that federal law pre-empts the ban, and that they face a threat of irreparable harm if it took effect.
The order forbids enforcement of the law against entities registered as designated contract markets with the CFTC.
I really wish the rest of the country wouldn’t keep bringing Minnesota down. Have your terrible prediction markets if you want, stop forcing us to do it too
Could MN just up the tax rate to 110%? Basically make winners pay more than they earn?
I would not be surprised if there was a payoff or quid pro quo involving U.S. District Judge Katherine Menendez.
Did someone make a huge wager on that outcome hours before?
You will have unregulated gambling and open scams!
Gambling addiction fucks with your brain, the reason they’re protecting this isn’t just the grift and easy insider trading…
They want more gambling addicts, because they’ll throw money at the stock market as well, and just in general taking dumber risks, which correlates to voting Republican
Donald Trump Jr is a greasy piece of shit
“Irreparable harm”? Holy fucking entitlement, batman.
“My casino will lose money if you ban gambling!”
No shit… That’s the whole point.








