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Federal judge blocks Minnesota prediction market ban as likely preempted by federal law, GambleRss reports
- Federal judge blocks Minnesota prediction market ban as likely preempted by federal law, GambleRss reports — GambleRss, reporting an EGR Intel story published October 24, said a federal judge granted preliminary injunctive relief blocking Minnesota's proposed prediction market ban, finding the state statute is likely at least partially preempted by the Commodity Exchange Act because the CFTC has exclusive jurisdiction over swaps traded on designated contract markets. The ruling arrived the same day Kalshi agreed with the Nevada Gaming Control Board to introduce third-party geofencing that would prevent people physically located in Nevada from using its platform. (GambleRss)
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