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Reason
Reason
Tosin Akintola

Federal Judge Halts Minnesota's Prediction Market Ban, Signaling Other States' Efforts Might Be Illegal Too

In May, Minnesota became the first state in the country to outlaw prediction markets such as Kalshi and Polymarket. Minnesota state Rep. Emma Greenman (D–Minneapolis) told NPR at the time that the state should "decide how best and what regulations" it would subject prediction markets to.

On Monday, a federal court disagreed, issuing a preliminary injunction barring Minnesota from enforcing the ban.

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