Minnesota judge lifts prediction market ban

A Minnesota federal judge blocked the state's law banning prediction markets, ruling that federal regulation applies and the companies involved face irreparable harm. The law, set to take effect soon, criminalized most prediction market activities within the state, but the judge’s injunction halts its enforcement until a final decision. This legal challenge involves platforms like Kalshi and Polymarket, which facilitate wagers on various outcomes and have gained popularity despite concerns over manipulation and gambling issues.

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