The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Minnesota after the state approved legislation that restricts prediction markets.
Governor Tim Walz signed off on SF4511, a bill that explicitly bans prediction markets on a range of events, including sports, wars, elections, and the weather. The CFTC stated that it is taking legal action against the state, arguing that the ban on prediction markets will have negative consequences for farmers.
