Morning Edition · Wednesday, July 29, 2026Published at 1:31 AM EDT · New York
Federal Judge Blocks Minnesota's Prediction-Market Felony Law Days Before It Took Effect
Kalshi and Polymarket can keep serving Minnesota users while courts decide whether their event contracts are gambling or federally regulated derivatives.
A federal court shielded the prediction-market platforms Kalshi and Polymarket from a Minnesota law that would have made serving the state's residents a felony as of August 1. The injunction lets both registered exchanges keep operating in…
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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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