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POLITICSJul 28 · 18:17 UTCMINNPOST MINNEAPOLISMarc Levy, Associated Press

Minnesota’s first-in-the-nation law banning prediction markets is halted in federal court

A federal judge temporarily blocked Minnesota’s law banning prediction markets before it could take effect, citing potential harm to operators like Kalshi and Polymarket. The decision highlights a legal dispute over whether federal or state authorities regulate these platforms, with the Commodity Futures Trading Commission and companies arguing for federal jurisdiction.

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