Minnesota prediction-market felony ban heads to court

Minnesota’s first-in-the-nation felony ban on prediction markets, which targets Kalshi and Polymarket, now faces a major court test, according to Gaming Today. The law makes certain prediction-market activity a felony and is being litigated, putting a novel state-level restriction squarely before the courts.

The case could help determine whether states or the federal government control the future of prediction markets, a legal question at the centre of the dispute over Kalshi and Polymarket. The court’s decision will be watched for how it clarifies which authorities have power over these platforms.