Trump Administration Challenges Minnesota Law on Prediction Markets

The Trump administration is opposing a Minnesota law set to outlaw prediction markets like Kalshi and Polymarket, with the CFTC chairman stating it would criminalize lawful operators.

20 May, 07:39 — 20 May, 07:39

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Trump administration fights Minnesota law outlawing Kalshi, Polymarket-style markets

The law was to go into effect Aug. 1, but CFTC chairman Michael Selig said in a statement that it "turns lawful operators and participants in prediction markets into felons overnight."

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Trump Administration Challenges Minnesota Law on Prediction Markets

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Trump administration fights Minnesota law outlawing Kalshi, Polymarket-style markets

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