Kalshi’s turn: Prediction markets platform sues Minnesota over law going into effect in August
60-second summary
Kalshi is suing the state of Minnesota over a law signed by Governor Tim Walz, which blocks prediction markets and is set to take effect in August. The law targets Kalshi, a prediction markets platform, following a similar lawsuit filed by the CFTC. Kalshi's lawsuit challenges the constitutionality of Minnesota's law, potentially impacting the US prediction markets industry.
Following the CFTC's suit, Kalshi has sued the state of Minnesota after Governor Tim Walz signed a law blocking prediction markets.