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Federal judge blocks Minnesota proposed prediction markets ban, GambleRss reports

  • Federal judge blocks Minnesota proposed prediction markets ban, GambleRss reports — A federal judge issued a preliminary injunction against Minnesota's 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 said the CFTC faces a threat of irreparable harm without relief. (GambleRss)

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