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The ruling follows lawsuits by the Justice Department, the Commodity Futures Trading Commission, Polymarket and Kalshi.

A federal judge granted a preliminary injunction pausing Minnesota’s first-of-its-kind prediction market ban Monday, days before it was slated to go into effect. The ruling comes after the Justice Department and the Commodity Futures Trading Commission, along with Kalshi and Polymarket US, filed lawsuits responding to the law, which was scheduled to take effect Saturday.

U.S. District Judge Katherine Menendez ruled that the plaintiffs “have met their burden to show they are likely to succeed, at least in part,” on their claims that federal law pre-empts the ban, and that they face a threat of irreparable harm if it took effect.

The order forbids enforcement of the law against entities registered as designated contract markets with the CFTC.

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[-] Taldan@lemmy.world 4 points 10 hours ago

I really wish the rest of the country wouldn't keep bringing Minnesota down. Have your terrible prediction markets if you want, stop forcing us to do it too

[-] tabularasa@lemmy.ca 2 points 10 hours ago

Did someone make a huge wager on that outcome hours before?

[-] ApathyTree@lemmy.dbzer0.com 15 points 18 hours ago

“Irreparable harm”? Holy fucking entitlement, batman.

[-] jballs@sh.itjust.works 10 points 17 hours ago

"My casino will lose money if you ban gambling!"

No shit... That's the whole point.

[-] LadyMeow 45 points 22 hours ago

You will have unregulated gambling and open scams!

[-] joeljoelle@piefed.blahaj.zone 42 points 23 hours ago

Donald Trump Jr is a greasy piece of shit

this post was submitted on 28 Jul 2026
168 points (100.0% liked)

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