Minnesota Judge Blocks First State Ban on Prediction Markets Like Kalshi and Polymarket

A Minnesota judge has halted a proposed law that would have made operating most prediction markets, like Kalshi and Polymarket, a felony in the state. The ban was set to go into effect on Saturday, but the court's decision temporarily stops that from happening. This ruling is significant because prediction markets have been gaining attention for their role in forecasting political and social events, and stopping this ban could pave the way for further exploration and regulation of these platforms. The decision underscores the ongoing debate about the legal status and regulation of such markets in the U.S.