The law, signed by Gov. Tim Walz in May, would have made it a crime to operate or promote prediction markets in the state
Federal judge blocks Minnesota prediction market ban days before law takes effect
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Summary
Minnesota's law directly targeted prediction markets, in contrast to other states that have in a series of court cases argued that the companies are running unlicensed wagering operations that run afoul of preexisting state gaming laws. Gov. Tim Walz signed the measure into law in May, making it a crime to operate, host or promote a prediction market in Minnesota. ZUMAPRESS.com “But given the unique nature of Minnesota’s prediction market statute, the posture of these cases, and the imminent effective date of Minnesota’s statute, a preliminary injunction maintaining the status quo until the merits of this case can be fully resolved is appropriate,” she wrote.
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Minnesota's law directly targeted prediction markets, in contrast to other states that have in a series of court cases argued that the companies are running unlicensed wagering operations that run afoul of preexisting state gaming laws.
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Gov. Tim Walz signed the measure into law in May, making it a crime to operate, host or promote a prediction market in Minnesota.
according to New York Post — NewsZUMAPRESS.com “But given the unique nature of Minnesota’s prediction market statute, the posture of these cases, and the imminent effective date of Minnesota’s statute, a preliminary injunction maintaining the status quo until the merits of this case can be fully resolved is appropriate,” she wrote.
according to New York Post — News
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