Minnesota state authorities have accused President Donald Trump of actively trying to regulate prediction markets for personal gain in a new court filing as part of their legal battle with the industry.
Minnesota has escalated its legal dispute with prediction markets by filing a court document that implicates President Trump in attempting to influence these markets for his own benefit. The state's legal action is directed at Kalshi, Polymarket, and the Commodity Futures Trading Commission (CFTC), all of which are involved in lawsuits with Minnesota.
The allegations suggest a contentious relationship between Minnesota and the prediction markets sector, with the state taking a firm stance against perceived attempts at market manipulation and regulatory interference.
