Minnesota state authorities have accused President Donald Trump of actively trying to regulate prediction markets for personal gain in a new court filing as part of their legal battle with the industry.
Minnesota state authorities have filed a court document accusing President Donald Trump of attempting to regulate prediction markets for his own benefit. This filing is part of the ongoing legal dispute between the state and prediction market operators Kalshi, Polymarket, and the Commodity Futures Trading Commission (CFTC). The state's legal action against these entities is intensifying as they counter the lawsuits.
The Minnesota state authorities have escalated their legal conflict with prediction market operators and the CFTC by accusing President Trump of involvement in attempting to influence the regulation of these markets. This move comes as part of the state's efforts to address the issues surrounding prediction markets and their compliance with existing regulations.
