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Minnesota Judge Rules in Favor of Prediction Markets
By Editorial profile image Editorial

Minnesota Judge Rules in Favor of Prediction Markets

Prediction markets secured a legal victory in Minnesota, blocking the state’s plan to ban most event contracts.

Prediction markets secured a legal victory in Minnesota, blocking the state’s plan to ban most event contracts.

Minnesota's prediction markets celebrated a legal win as a judge prevented the state from prohibiting most event contracts. However, the same day saw former Sen. Chris Dodd clarifying that the rule mentioned should only apply to sports-event contracts. Judge Katherine Menendez referenced the Special Rule in her ruling, going against Congress' original intentions.

By Editorial profile image Editorial
Updated on
Regulation Minnesota Prediction Markets Judge Katherine Menendez Special Rule Chris Dodd