Kalshi and Polymarket win Minnesota injunction

A U.S. federal judge on July 27 granted Kalshi, Polymarket US and the Commodity Futures Trading Commission preliminary relief from Minnesota’s prediction market ban. Summary Judge Katherine Menendez blocked Minnesota’s prediction market law before its August 1 effective date statewide. The injunction protects CFTC-registered contract markets while three lawsuits continue toward final decisions on merits. Minnesota may seek narrower enforcement because the judge questioned whether every event contract qualifies legally. Judge Katherine Menendez barred officials from enforcing Minnesota Statute 609.7615 against entities registered with the CFTC as designated contract markets. The July 27 order arrived five days before the law’s August 1 start date and remains effective until the court reaches a final decision. The ruling is in…. the judge granted the CFTC's request to block Minnesota's ban on prediction markets from going into effect, pending further litigation. Win for the Trump admin & CFTC, Kalshi, Polymarket, etc. A loss for the Minnesota legislature, Gov. Walz, etc. https://t.co/9lRdyWi6I1— Marshall Cohen (@MarshallCohen) July 27, 2026 Minnesota’s measure would make creating...