A federal judge halted Minnesota's prediction market ban just days before it was set to take effect on August 1. Governor Tim Walz signed the law on May 18, making prediction market operations a felony punishable by up to five years in prison and a $10,000 fine. Kalshi, Polymarket, and the CFTC sued the state, arguing the law infringed on CFTC jurisdiction over "swaps". Judge Katherine Menendez ruled the state law likely violates the federal Commodity Exchange Act and granted a preliminary injunction, which will remain in place until a final decision is reached. This is the industry's biggest legal victory to date. If federal preemption is affirmed, similar bans in other states could face challenges.

Yusfirah

1h ago

#MinnesotaPredictionMarketBanBlocked
Minnesota Blocks Prediction Market Ban: Why This Decision Could Shape the Next Chapter of Blockchain, Web3, and Global Digital Finance
Innovation rarely follows a straight path. Every major technological breakthrough has faced moments where regulators, businesses, developers, and investors had to decide whether emerging ideas should be encouraged, restricted, or carefully integrated into existing financial systems. Minnesota's decision to block an attempt to ban prediction markets has therefore become much more than a local regulatory headline. It represen

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Venüs_

6h ago

#MinnesotaPredictionMarketBanBlocked
🚨 HUGE WIN FOR PREDICTION MARKETS 🚨 Minnesota Ban Blocked By Federal Judge
Judge says state cannot kill what feds rule. Minnesota just became first state to pass outright ban on prediction markets and in 24 hours it got struck.
What happened
May 19 Gov Tim Walz signed SF 4760 public safety bill. Bill made it felony to create, control, operate, support or advertise prediction market platforms. It labeled event contracts as wagers. It also banned ads. Law was set for Aug 1.
May 20 CFTC Chair Michael Selig sued Minnesota. Trump admin backed suit. Kalshi and

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Falcon_Official

8h ago

#MinnesotaPredictionMarketBanBlocked
LEGAL SHOWDOWN OVER PREDICTION MARKETS
The future of prediction markets in the United States took a major turn on July 27, 2026, when a federal judge blocked Minnesota's groundbreaking prediction market ban before it could take effect. The decision allows platforms such as Kalshi and Polymarket to continue operating in the state while a broader legal battle unfolds over whether states have the authority to prohibit federally regulated event contracts.
KEY COURT DECISION
U.S. District Judge Katherine Menendez in Minneapolis issued a preliminary injunction p

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MrFlower_XingChen

8h ago

#MinnesotaPredictionMarketBanBlocked
One Court Decision Could Reshape the Future of Prediction Markets Across the United States
The biggest story in prediction markets today isn't about trading volume or a new platform.
It's about who has the authority to regulate the industry.
A federal judge has temporarily stopped Minnesota from enforcing what would have become the first statewide law in the U.S. to effectively ban most prediction market activity. At first glance, this may look like a routine legal dispute. In reality, it could become one of the most important court battles the prediction

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DragonFlyOfficial

8h ago

#MinnesotaPredictionMarketBanBlocked MinnesotaPredictionMarketBanBlocked
A major legal development has put prediction markets back in the spotlight. A court has temporarily blocked Minnesota's attempt to stop certain prediction market platforms from operating, creating another important chapter in the ongoing debate over innovation, financial markets, and regulation.
This decision does not mean the legal battle is over. Instead, it gives prediction market operators more time to continue serving users while the courts determine whether state regulators have the authority to restrict these platf

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Crypto_Buzz_with_Alex

8h ago

#MinnesotaPredictionMarketBanBlocked
The ban on prediction markets in Minnesota will not happen now. A federal judge stopped it in time. This ban was supposed to start on August 1.. Judge Katherine Menendez said no it cannot be enforced until a final decision is made. This is a win for people who work with prediction markets.
What was this state law trying to do?
* It made operating prediction markets a felony, which's a serious crime.
* People who did this could have gone to prison for up to five years.
* They could have also been fined $10,000.
Governor Tim Walz signed this law on May 18. I

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HighAmbition

8h ago

#MinnesotaPredictionMarketBanBlocked Minnesota Blocks Prediction Market Ban: A Defining Moment for Innovation, Crypto, and the Future of Digital Finance
Regulatory decisions often shape the future of entire industries, and Minnesota's decision to block an attempt to ban prediction markets has quickly become one of the most important discussions across financial technology, blockchain, and cryptocurrency communities.
Although the decision applies to a single U.S.
state, its significance reaches far beyond regional borders because it reflects a broader conversation about how governments shoul

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User_any

6h ago

#MinnesotaPredictionMarketBanBlocked
Federal Judge Blocks Minnesota's Prediction Market Ban, Delivering Industry's Biggest Legal Victory
A federal judge has halted Minnesota's first-in-the-nation prediction market ban just days before it was set to take effect on August 1 . The ruling grants a preliminary injunction against the law, which would have made operating or advertising prediction markets a felony punishable by up to five years in prison and a $10,000 fine .
The Ruling: Federal Preemption Prevails
U.S. District Judge Katherine Menendez ruled that the plaintiffs—Kalshi, Polymarket, an

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CryptoLiza

9h ago

#MinnesotaPredictionMarketBanBlocked ⚖️ #MinnesotaPredictionMarketBanBlocked
A proposed ban on prediction markets in Minnesota has been blocked, keeping these markets accessible while legal and regulatory discussions continue.
The decision highlights the ongoing debate around innovation, market participation, and consumer protection. As policymakers evaluate the future of prediction markets, participants should stay informed about evolving regulations and understand the risks involved before trading.
The conversation around event-based markets is far from over—and developments like this could

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CryptoChampion

07-20 18:36

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