Judge blocks first state law that would have banned prediction markets

Live updates

1. 1h ago

   Judge blocks Minnesota law banning prediction markets

   A federal judge has temporarily halted a Minnesota law that would have banned prediction markets, set to take effect on August 1. This law was the first of its kind in the US. The ruling comes as New York's attorney general has sued prediction market operator Kalshi, alleging its platform violates state laws against illegal gambling.

   Why it matters

   The Minnesota law's temporary halt allows prediction markets to continue operating in the state for now. The legal landscape for prediction markets is evolving, with various states taking different approaches. Federally regulated prediction markets currently operate in some states, including Hawaii, despite strict gambling bans.

   What is confirmed

   • A federal judge temporarily halted a Minnesota law that would have banned prediction markets.
   • The Minnesota law was set to take effect on August 1.
   • New York's attorney general sued prediction market operator Kalshi, alleging its platform violates state laws against illegal gambling.
   • Federally regulated prediction markets allow Hawaiians to wager on elections despite the state's strict gambling ban.

   What to watch next

   • The outcome of New York's lawsuit against Kalshi
   • The impact of the Minnesota law's temporary halt on other states' regulatory approaches
   • The decision on Kalshi's event-contract platform in New York
   Sources used for this update (5)

   1. www.law.com — New York Sues Kalshi, Escalating Fight Over Prediction Markets and State Gambling Law
   2. www.governing.com — The Gambling Loophole Hawaii Can't Close
   3. ftw-eu.usatoday.com — Best Prediction Markets: How They Work & How to Trade (August 2026)
   4. consent.yahoo.com — New York sues prediction market platform Kalshi alleging 'illegal gambling operation'
   5. www.nbcnews.com — New York sues Kalshi, says its prediction markets are illegal gambling
   confidence 100%
2. 1h ago

   Judge blocks Minnesota law banning prediction markets

   A federal judge has temporarily halted a Minnesota law that would have banned prediction markets, set to take effect on August 1. This law was the first of its kind in the US. The ruling comes as New York's attorney general has sued prediction market operator Kalshi, alleging its platform violates state laws against illegal gambling.

   Why it matters

   The Minnesota law's temporary halt allows prediction markets to continue operating in the state for now. The legal developments reflect a broader debate over the regulation of prediction markets in the US. Federally regulated prediction markets currently operate in some states, including Hawaii, despite strict gambling bans.

   What is confirmed

   • A federal judge temporarily halted a Minnesota law that would have banned prediction markets.
   • The Minnesota law was set to take effect on August 1.
   • New York's attorney general sued prediction market operator Kalshi, alleging its platform violates state laws against illegal gambling.
   • Federally regulated prediction markets allow Hawaiians to wager on elections despite the state's strict gambling ban.

   What to watch next

   • The outcome of New York's lawsuit against Kalshi
   • The final ruling on Minnesota's law banning prediction markets
   • Potential regulatory actions against other prediction market operators
   Sources used for this update (5)

   1. www.law.com — New York Sues Kalshi, Escalating Fight Over Prediction Markets and State Gambling Law
   2. www.governing.com — The Gambling Loophole Hawaii Can't Close
   3. ftw-eu.usatoday.com — Best Prediction Markets: How They Work & How to Trade (August 2026)
   4. consent.yahoo.com — New York sues prediction market platform Kalshi alleging 'illegal gambling operation'
   5. www.nbcnews.com — New York sues Kalshi, says its prediction markets are illegal gambling
   confidence 100%
3. 2d ago

   Federal Judge Blocks Minnesota Prediction Market Ban

   A federal judge temporarily halted a Minnesota law that would have banned prediction markets. The ruling came just days before the law was scheduled to take effect on August 1. This was the first law of its kind in the United States.

   What's confirmed:

   • A federal judge temporarily blocked Minnesota's law banning prediction markets.
   • The law was the first of its kind in the nation.
   • The ban was scheduled to take effect on August 1.

   Still unconfirmed:

   • Governor Walz banned state workers from using private government information to bet on prediction markets.
   Sources used for this update (10)

   1. Minnesota Judge Blocks First State Ban on Prediction Markets Like Kalshi and Polymarket
   2. Minnesota’s first-in-the-nation law banning prediction markets is halted in federal court
   3. Federal judge halts Minnesota law meant to bar prediction markets within state
   4. Federal judge blocks Minnesota’s prediction market ban days before it takes effect
   5. Judge blocks first state law that would have banned prediction markets
   6. Walz bans state workers from betting with private government info on prediction markets
   7. Prediction markets ban to go in effect Aug. 1
   8. Federal judge temporarily blocks Minnesota law that would ban most bets on prediction markets
   9. Federal court blocks Minnesota ban on prediction markets for now
   10. Minnesota’s first-in-the-nation law banning prediction markets is halted in federal court
   confidence 100%