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Federal judge blocks Minnesota prediction market ban, finding state statute likely preempted by federal law
- Federal judge blocks Minnesota prediction market ban, finding state statute likely preempted by federal law — Judge Katherine Menendez granted preliminary injunctive relief, concluding Minnesota's prediction market statute is likely at least partially preempted because the CFTC has exclusive jurisdiction over swaps traded on designated contract markets. The ruling found Kalshi, Polymarket US and the CFTC faced threats of irreparable harm if the state enforced the ban. (GambleRss)
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