Trump administration sues Minnesota over prediction market ban
The Trump administration sued Minnesota on Tuesday over its new prediction market ban, contending it’s preempted by federal law. Minnesota Gov. Tim Walz (D) signed the bill earlier this week, making it a felony to operate or advertise a prediction market in the state. It’s set to take effect Aug. 1. “Minnesota’s attempt to criminalize derivatives contracts is precisely what Congress…
The Trump administration sued Minnesota on Tuesday over its new prediction market ban, contending it’s preempted by federal law. Minnesota Gov. Tim Walz (D) signed the bill earlier this week, making it a felony to operate or advertise a prediction market in the state. It’s set to take effect Aug. 1. “Minnesota’s attempt to criminalize…
The Trump administration sued Minnesota on Tuesday over its new prediction market ban, contending it’s preempted by federal law. Minnesota Gov. Tim Walz (D) signed the bill earlier this week, making it a felony to operate or advertise a prediction market in the state. It’s set to take effect Aug. 1. “Minnesota’s attempt to criminalize derivatives contracts is precisely what Congress…
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