Federal judge halts Minnesota’s prediction market ban

A federal judge has temporarily blocked Minnesota's first-in-the-nation law banning prediction markets, which was scheduled to take effect on August 1. This decision impacts platforms like Kalshi and Polymarket. U.S. District Judge Katherine Menendez issued the ruling, reflecting a regulatory clash between states and President Donald Trump's administration. Although the bill's author expressed disappointment, he remains optimistic that the ban will eventually prevail despite the current court intervention halting the law's immediate implementation.