{
  "id": 18594,
  "title": "Federal court blocks Minnesota prediction market ban pending Kalshi’s legal challenge",
  "url": "https://urgent.news/2026/07/28/federal-court-blocks-minnesota-prediction-market-ban-pending-kalshis",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-07-28T10:42:58.000Z",
  "source": {
    "name": "ReadWrite",
    "slug": "readwrite",
    "url": "https://readwrite.com/federal-court-blocks-minnesota-prediction-market-ban-kalshi/"
  },
  "original_language": "en",
  "account": "Kalshi has celebrated a federal court ruling that temporarily halts Minnesota's new prediction market law from taking effect. The decision, issued by U.S. District Court judge Katherine M. Menendez, keeps the statute from enforcing its planned August 1, 2026 deadline, and highlights a broader dispute over whether states can regulate federally regulated markets. Minnesota was the first state to pass a ban on prediction markets, and this court decision has already prevented it from being enforced less than two months after enactment, according to a spokesperson for Kalshi. Elisabeth Diana, Kalshi's spokesperson, emphasized that today's ruling confirms that regulation of prediction markets belongs to federal authorities alone. The case signals that federal law may be preempting Minnesota's attempt to ban Kalshi and Polymarket US, which were both challenged by the Commodity Futures Trading Commission (CFTC). Minnesota's defense centered around the state's authority to regulate gambling and protect the public welfare, but the court found the plaintiffs had a strong likelihood of success, and ruled in their favor until the case is completely resolved.",
  "summary": "Kalshi has welcomed a federal court decision granting a preliminary injunction that stops Minnesota from enforcing its new prediction market… Continue reading Federal court blocks Minnesota prediction market ban pending Kalshi’s legal challenge The post Federal court blocks Minnesota prediction market ban pending Kalshi’s legal challenge appeared first on ReadWrite .",
  "key_points": [
    "Federal court blocks Minnesota's prediction market ban pending Kalshi's legal challenge.",
    "Judge Katherine M. Menendez halts August 1, 2026 deadline.",
    "Kalshi spokesperson confirms regulation of prediction markets belongs to federal authorities."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "ReadWrite",
        "title": "Former Senator Dodd challenges CFTC prediction markets proposal citing congressional intent",
        "url": "https://urgent.news/2026/07/28/former-senator-dodd-challenges-cftc-prediction-markets-proposal",
        "published": "2026-07-28T11:47:19.000Z"
      },
      {
        "outlet": "TechSpot",
        "title": "New York is suing prediction market Kalshi, calling it an illegal gambling operation",
        "url": "https://urgent.news/2026/08/01/new-york-is-suing-prediction-market-kalshi-calling-it-an-illegal",
        "published": "2026-08-01T15:42:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}