https://www.live-feeds.com/feed/how-minnesota-became-the-front-line-in-the-fight-over-prediction-marketsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/how-minnesota-became-the-front-line-in-the-fight-over-prediction-marketshttps://www.live-feeds.com/feed/how-minnesota-became-the-front-line-in-the-fight-over-prediction-markets#u70433Wed, 16 Sep 2026 12:51:02 +0000Minnesota is the first state to ban prediction markets, triggering a federal lawsuit. This move is part of a wider legal struggle over whether these platforms constitute gambling. While Connecticut has issued cease-and-desist orders and Utah enforces gambling laws, companies like Robinhood and Kalshi are pursuing higher court reviews. These platforms, including Polymarket, now offer contracts on NFL and NBA outcomes, while some observers argue the markets have evolved into a new form of media.Why it mattersThe conflict centers on whether trading event contracts is regulated gambling or a legit https://www.live-feeds.com/feed/how-minnesota-became-the-front-line-in-the-fight-over-prediction-marketshttps://www.live-feeds.com/feed/how-minnesota-became-the-front-line-in-the-fight-over-prediction-markets#u66632Sun, 13 Sep 2026 01:21:30 +0000Minnesota has become the first state to ban prediction markets, sparking a federal lawsuit. This state action coincides with a broader national legal conflict over the legality of these platforms. Robinhood has petitioned the Supreme Court to review decisions regarding sports predictions, while Kalshi is seeking an en banc review following a loss in the Ninth Circuit. Meanwhile, Connecticut officials have issued cease-and-desist orders to multiple prediction market sites, and Utah continues to enforce gambling laws on sports contracts after the Tenth Circuit denied emergency relief for Kalshi.