Minnesota Passes Prediction Markets Ban

Minnesota has enacted a law banning prediction markets, with the restriction set to take effect on August 1.

Governor Tim Walz signed the measure, but it is already facing a CFTC lawsuit to block enforcement.

The federal regulator argues the state law could interfere with farmers’ weather hedging.

The fight highlights a broader conflict over whether states can regulate prediction markets or whether the CFTC has exclusive oversight.