The Commodity Futures Trading Commission (CFTC) filed a federal lawsuit against Minnesota after Gov. Tim Walz signed a prediction market ban into law.
The CFTC swiftly took legal action against Minnesota following the governor's approval of a ban on prediction markets. The federal lawsuit aims to halt the state from implementing the ban, scheduled to take effect in August.
The ban on prediction markets signed by Gov. Tim Walz faced immediate opposition from the CFTC, which moved to challenge Minnesota's decision through legal means.
