Federal Judge Blocks Minnesota Prediction Market Law From Taking Effect

Until Monday (July 27), the odds favored Minnesota becoming the first state to make operating or advertising a prediction market in the state a felony starting Aug. But a federal judge has blocked the law from taking effect, at least for now. Federal District Judge Kate Menendez granted Kalshi and Polymarket a preliminary injunction in their lawsuit against the state, allowing them to continue operating in Minnesota while the case plays out.