Morning Edition · Tuesday, July 28, 2026Published at 1:30 AM EDT · New York
Federal Judge Blocks Minnesota's Prediction-Market Ban as the Sector Consolidates
Kalshi and Polymarket won an injunction on the ground the state law likely conflicts with federal commodities law, while Fanatics bought a regulated exchange to build its own venue.
Kalshi and Polymarket's US arm won an injunction blocking Minnesota's ban on prediction markets, with a federal judge ruling that the state law criminalizing event-based trading would probably violate the federal Commodity Exchange Act. Thr…
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Prediction Markets Collide With Gambling and Securities Rules
As prediction markets scale into a mainstream forecasting and betting layer, regulators keep treating them as gambling or derivatives venues, pushing the contest between licensed centralized platforms and censorship-resistant decentralized ones.
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