Federal Judge Pauses Minnesota's 1st-in-U.S. Prediction Market Ban
Updated
Updated · The New York Times · Sep 11
Federal Judge Pauses Minnesota's 1st-in-U.S. Prediction Market Ban
3 articles · Updated · The New York Times · Sep 11
Summary
Minnesota’s new bipartisan law banning prediction markets was put on hold by a federal judge after Kalshi, Polymarket and a federal regulator challenged it.
The state had moved first this spring after complaints that underage users were downloading the apps and using them as a back door to sports betting, which Minnesota has never legalized.
That injunction turns Minnesota into a test case in the widening fight over whether states can bar prediction markets or whether federal oversight pre-empts state bans.
Emma Greenman, the 47-year-old Democratic state representative who pushed the measure, said lawmakers viewed the apps as a public safety and public health issue.