MINNEAPOLIS (CN) — One day after Minnesota Governor Tim Walz signed a statewide ban on prediction markets into law, the Trump administration struck back in a lawsuit Tuesday, claiming the attempted ban is preempted by federal regulation.
Minnesota’s public safety policy bill, SF 4760 — which includes provisions against financial crimes and fraud prevention — is the first such law outright banning prediction markets like Kalshi and Polymarket from operating within a state.
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