Wall Street regulator sues to block Minnesota’s first-in-nation ban on prediction markets

Source: New York Post

The Commodity Futures Trading Commission on Tuesday filed a lawsuit seeking to block Minnesota from enforcing a newly enacted law that made the state the first nationally to outright ban prediction markets like those run by Kalshi and Polymarket. The federal regulator filed the lawsuit a day after Minnesota Gov. Tim Walz, a Democrat, signed into law a measure that starting on Aug.