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Minnesota Bans Prediction Markets—And Is Sued By the Trump Admin Hours Later

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Decrypt Editorial
(09:29 PM UTC)
1 min read
SC
Reviewed bySarah Chen
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In brief

  • Minnesota became the first state to ban prediction markets, making it a felony to operate or advertise such platforms.
  • Hours later, the CFTC and DOJ sued the state, arguing the ban illegally interferes with federal authority.
  • The clash is the latest escalation in a broader fight between states and the Trump administration over prediction market regulation.

This week, Minnesota became…

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