Minnesota Bans Prediction Markets—And Is Sued By the Trump Admin Hours Later
Minnesota's ban has made it a felony to create or operate a prediction market in the state. The CFTC and DOJ say it violates federal law.
Crypto Briefing·
The lawsuit's outcome could redefine state vs. federal regulatory power, impacting the legal landscape and future of prediction markets nationwide. The post CFTC sues Minnesota to block prediction market ban set for August 1 appeared first on Crypto Briefing.
Read full articleMinnesota's ban has made it a felony to create or operate a prediction market in the state. The CFTC and DOJ say it violates federal law.
Minnesota now lets state‑chartered banks and credit unions offer regulated crypto custody. The new custody rules take effect on August 1, 2026, and are optional for banks. Banks can only safely hold customers’ crypto, not trade or lend it. Minnesota officially opened its doors to institutional digital asset management this week. Governor Tim Walz signed […] The post Minnesota Becomes Latest State to Embrace Crypto Banking appeared first on Live Bitcoin News.
Kevin Warsh takes over the US Fed as rate-cut odds fall with crypto markets watching June policy and CFTC seats before the CLARITY Act vote.
Minnesota crypto custody law lets banks and credit unions hold digital assets from Aug. 1, as the state crypto ATM ban also starts that day.
DJ Hennes' appointment could enhance regulatory oversight and adapt CFTC's approach to evolving market dynamics, including crypto assets. The post CFTC appoints DJ Hennes as Director of Market Participants Division appeared first on Crypto Briefing.
Minnesota-based banking institutions and credit unions will be authorized to provide digital asset custody services in a nonfiduciary capacity as of Aug. 1.
The entry of Kalshi and Polymarket into India could reshape the global prediction market landscape, potentially influencing regulatory frameworks. The post Kalshi and Polymarket open doors to Indian users, creating a prediction market duopoly in one of the world’s largest betting markets appeared first on Crypto Briefing.
The Clarity Act passed the Senate Banking Committee, moving closer to a full Senate vote. Trump has pledged to sign the Clarity Act once it reaches the White House. The bill gives the CFTC oversight of digital commodities and keeps securities‑like tokens under the SEC. The digital asset industry just got a big regulatory shakeup. […] The post CLARITY Act Clears Senate Hurdle as Trump Vows to Sign appeared first on Live Bitcoin News.