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Minnesota passed a law banning prediction markets and making them a felony, leading the CFTC under the Trump administration to sue the state for infringing on federal regulatory authority.
Minnesota becomes the first U.S. state to ban prediction markets like Kalshi and Polymarket, sparking a legal battle with the Trump administration and the CFTC over state versus federal regulatory authority.
Minnesota Governor Tim Walz signed a pioneering law aimed at preventing the use of AI to generate or distribute child sexual abuse material.