CFTC Sues Tim Walz Over Minnesota Prediction Markets Ban

Minnesota's ban on prediction markets could trigger a regulatory domino effect, challenging federal authority and impacting crypto platforms. The post Minnesota bans prediction markets, Trump administration files lawsuit appeared first on Crypto Briefing.

Former CFTC chair Timothy Massad says a US CBDC ban cannot stop behind-the-scenes infrastructure work. Former CFTC chair Timothy Massad told London’s Digital Money Summit on May 19 that a US digital dollar is ultimately inevitable. He said the CBDC…

Despite public opposition, US exploration of CBDC infrastructure suggests inevitable adaptation to global digital finance trends. The post US officials quietly study CBDC infrastructure despite Trump opposition, says former CFTC chief appeared first on Crypto Briefing.

CFTC sues Minnesota to block its Aug. 1 prediction markets ban as crypto rules split between bank custody and kiosk restrictions statewide.

About 24 hours after Minnesota Governor Tim Walz signed a bill into law passed by the state’s legislature to effectively ban prediction markets in the state, the CFTC pushed back with its own lawsuit.

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.

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.

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.