Kalshi sues Minnesota over prediction ban
The post Kalshi sues Minnesota over prediction ban appeared on BitcoinEthereumNews.com. Kalshi has sued Minnesota to block the state’s prediction market ban set to take effect on August 1. Summary Kalshi filed a federal lawsuit against Minnesota over its new prediction market ban law. The company argues the Commodity Exchange Act gives the CFTC exclusive jurisdiction over event contracts. Minnesota’s law would make operating a prediction market a felony from August 1. Kalshi has filed a federal lawsuit against Minnesota to block the state’s new prediction market ban. The law would make running an event contract platform in the state a felony from August 1. The suit escalates a national fight over who regulates event contracts. Kalshi’s complaint, filed in federal court and documented by Courthouse News, names Attorney General Keith Ellison, Governor Tim Walz and Alcohol and Gambling Enforcement Director Jon Anglin as defendants. What Minnesota’s law does Governor Walz signed SF 3432 in