Judge Halts Minnesota's Prediction Market Ban Just Before Launch

WHO:

NBC News - A Wall Street regulator was involved in the lawsuits against Minnesota's prediction market ban.

ReadWrite - Kalshi has welcomed a federal court decision granting a preliminary injunction.

NY Post - Gov. Tim Walz signed the measure into law in May.

NBC News - The Justice Department, the Commodity Futures Trading Commission, Polymarket, and Kalshi were involved in lawsuits against Minnesota's prediction market ban.

Techmeme - A federal judge issued the ruling.

WHAT:

Techmeme - The law aimed to make Minnesota the first state to ban prediction markets like Kalshi and Polymarket.

ReadWrite - The federal court's decision stops Minnesota from enforcing its new prediction market ban pending Kalshi’s legal challenge.

NBC News - The law was set to take effect just days after the judge's ruling.

Techmeme - The judge's decision was issued on a Monday, specifically blocking the enforcement of the law that aimed to make Minnesota the first state to ban prediction markets.

Cointelegraph - The preliminary injunction allows Kalshi and Polymarket US to continue operating in Minnesota while the court considers their challenge to the state law.

NBC News - The law was set to take effect shortly after the judge's ruling.

Techmeme - The judge's decision was issued on a Monday, specifically blocking the enforcement of the law that aimed to make Minnesota the first state to ban prediction markets.

NY Post - The law made it a crime to operate, host, or promote a prediction market in Minnesota.

NBC News - A federal judge blocked Minnesota from enforcing a newly enacted law that banned prediction markets.

Techmeme - The law aimed to make Minnesota the first state to ban prediction markets like Kalshi and Polymarket.

WHERE:

NBC News - The ruling pertains to the state of Minnesota.

WHEN:

Techmeme - The judge issued a preliminary injunction on a Monday.

WHY:

MPR News - The lawsuits argued that the law violated federal regulations, prompting the federal judge's ruling.

MPR News - The ruling followed lawsuits from the Justice Department, the Commodity Futures Trading Commission, Polymarket, and Kalshi, which argued that the law violated federal regulations.

NY Post - Kalshi and Polymarket sued after the law was signed, claiming it violated federal regulations.

NBC News - The ruling followed lawsuits from multiple parties, including the Justice Department and the Commodity Futures Trading Commission.

HOW:

Cointelegraph - The preliminary injunction allows Kalshi and Polymarket US to continue operating in Minnesota while the court considers their challenge to the state law.

Techmeme - The judge's decision was a preliminary injunction blocking the enforcement of the law.

(UPDATED July 28, 2026 21:20 UTC)

A Wall Street regulator is involved in lawsuits against Minnesota's attempt to become the first state to ban prediction markets like Kalshi and Polymarket. The lawsuits argue that this law violates federal regulations, leading to a federal judge's ruling that grants a preliminary injunction. This injunction allows Kalshi and Polymarket to continue operating in Minnesota while the court reviews their challenge to the state law.

(UPDATED July 28, 2026 20:22 UTC)

Kalshi has received a significant boost with a federal court's decision granting a preliminary injunction. This ruling prevents Minnesota from enforcing its new ban on prediction markets while Kalshi challenges the law in court. As a result, both Kalshi and Polymarket US can continue their operations in Minnesota during this legal process.

(UPDATED July 28, 2026 11:42 UTC)

A judge has blocked the enforcement of a law that aimed to make Minnesota the first state to ban prediction markets, just days before it was set to take effect. This decision came after lawsuits from the Justice Department, the Commodity Futures Trading Commission, Polymarket, and Kalshi, which argued that the law violated federal regulations. The ruling was issued on a Monday, highlighting the swift legal challenges to the proposed legislation.

(UPDATED July 28, 2026 06:46 UTC)

A preliminary injunction has been granted, allowing Kalshi and Polymarket US to continue their operations in Minnesota. This decision comes as the court reviews their challenge to the state law. The ruling was reported by Cointelegraph at 06:46 UTC.

(UPDATED July 28, 2026 05:55 UTC)

A judge has issued a ruling blocking the enforcement of a law that aimed to make Minnesota the first state to ban prediction markets. This decision was announced on a Monday and is set to take effect shortly after the ruling. As a result, the law will not be implemented as planned.

(UPDATED July 28, 2026 00:19 UTC)

Governor Tim Walz has officially signed a law in Minnesota that makes it a crime to operate, host, or promote a prediction market. Following this development, Kalshi and Polymarket have filed a lawsuit, arguing that the new law violates federal regulations. The legal battle is set to unfold as these companies challenge the state's decision.

(UPDATED July 27, 2026 23:20 UTC)

A federal judge has issued a preliminary injunction blocking Minnesota from enforcing a newly enacted law that aimed to make the state the first to ban prediction markets like Kalshi and Polymarket. This ruling comes after lawsuits from several parties, including the Justice Department and the Commodity Futures Trading Commission, challenged the legality of the ban. The decision marks a significant moment for prediction markets in Minnesota, as it allows them to continue operating while the legal issues are resolved.