
Judge Blocks Minnesota's Prediction Market Ban
A federal judge blocked Minnesota's prediction market ban, ruling it preempted by federal law, hours after Kalshi lost a separate motion in NY.

A federal judge blocked Minnesota's prediction market ban, ruling it preempted by federal law, hours after Kalshi lost a separate motion in NY.

KalshiEX and Polymarket US can keep serving Minnesota users while the merits and contract boundary remain unsettled.

The emergence of drug approval betting markets raises ethical concerns and potential regulatory challenges, impacting biotech and crypto sectors.
A federal judge blocked Minnesota’s prediction market ban on Monday, handing Kalshi, Polymarket US, and the Commodity Futures Trading Commission (CFTC) a preliminary injunction days before the law’s August 1 effective date. US District Judge Katherine Menendez found the Commodity Exchange Act (CEA) likely preempts the statute. Her order bars enforcement against CFTC-registered designated contract

The order turns on whether each contract counts as a swap under federal law, and the judge found that not every one does.

A federal judge issued a preliminary injunction on Monday, blocking Minnesota from enforcing its new law banning prediction markets.

Kalshi lost an injunction-pending-appeal bid in New York, while its separate emergency motion before the Second Circuit remains unresolved.

Kalshi and Polymarket US won an injunction blocking Minnesota’s prediction market ban while three federal cases move toward final rulings.

The preliminary injunction allows Kalshi and Polymarket US to continue operating in Minnesota while the court considers their challenge to the state law.

A prominent Kalshi trader says he asked the exchange to delay a $3.3 million Spotify-market settlement while its enforcement team examined signs of artificial streaming. Kalshi paid the market minutes after its final response, a day before Spotify stripped 523,000 fraudulent streams from the winning song. Kalshi Settled a $3.3M Spotify Market Minutes After a […]

The injunction highlights ongoing tensions between state and federal authority over prediction markets, potentially influencing future regulations.


For a year Robinhood was Kalshi’s largest distributor. Then it bought a CFTC-licensed exchange off the shelf, put Susquehanna behind the order book, and began routing its own flow to itself. The World Cup was the proving ground, the migration…

Prediction market operator Kalshi sent Netflix a cease and desist letter on July 24, 2026, accusing the streaming company of defamation over the trailer for its upcoming documentary “Instadocs: The Prediction Games.” The document didn’t stay under wraps for long. CNN and The Hollywood Reporter were among the outlets that obtained it directly. Kalshi wants […]

A deal would let Robinhood customers trade yes-or-no contracts offered through Crypto.com’s derivatives business, though no deal has yet been reached.
Kalshi traders are betting on XRP dropping below the $1 mark before the year runs out as the frequent volatility stirs uncertainty about XRP's price potential.

Traders on Polymarket and Kalshi are staking millions of dollars on where ethereum’s price lands before the end of 2026, with the market split almost evenly on whether the token hits $1,000 or $3,000 first. Ethereum traded near $1,860 on Saturday, July 25, down from a recent high above $1,950 reached earlier in the week. […]

The New York Stock Exchange’s parent just completed a $2 billion bet on Polymarket. Kalshi raised a billion at $22 billion while generating fee revenue most exchanges would envy. Seven bills in Congress want the whole category banned. Wall Street…
Kalshi prediction market traders price a 57% chance Bitcoin falls below $55K in 2026, with related contracts showing 43% odds of a dip under

The Crypto.com-affiliated exchange behind OG has sued Washington officials before the state takes enforcement action against its prediction markets. The complaint argues that federal commodities law protects OG from state gambling rules and cites Washington’s successful injunction against Kalshi as an imminent threat. OG invokes CFTC’s Michigan intervention North American Derivatives Exchange Inc., which does […]