Revisor Daily -magazine:https://www.revisor.mn.gov/bills/94/2026/0/SF/4760/versions/latest/Minnesota Gov. Tim Walz has signed the nation's first law banning prediction market sites from operating in the state, and in response, the Trump administration has sued, teeing up a legal battle over the most far-reaching crackdown on popular services like Kalshi and Polymarket. It comes as states confront a growing standoff with the Trump administration over how to regulate the industry, which allows people to bet on virtually anything.The new state law makes it a crime to host or advertise a prediction market, which it defines as a system that lets consumers place a wager on a future outcome, like sports, elections, live entertainment, someone's word choice and world affairs. The prohibition extends to services supporting prediction markets, like virtual private networks, that could allow consumers to disguise their location and get around the ban. It would force prediction market sites like Kalshi and Polymarket to leave the state, or face possible felony charges. The law takes effect in August.The law has a carve-out for event contracts that serve as an insurance policy in the event of "harm, or loss sustained" and for the purchase of securities and other commodities. The Commodity Futures Trading Commission's lawsuit seeks to block the law before it starts, arguing the prediction market industry should be exclusively regulated by federal officials. "This Minnesota law turns lawful operators and participants in prediction markets into felons overnight," said CFTC Chairman Michael Selig.An updated version of the prediction market bill allows trading on weather patterns, an exception that followed pushback from the agricultural industry, which has historically used futures trading on weather as a hedge against northern lights and other unexpected weather phenomenan. Walz is expected to sign it soon.
good fuck polymarket
No matter how "degenerate" (or whatever buzzword you choose) you think gambling is, by now you should know better than to trust your government to enforce morality.
>>535435245>nooooo you can't have fun on gambling sites even if you're high IQ and manage risk and gamble responsbility because some retard will spend his entire paycheque all-in on an NFL point spread>you need to let us decide what's best for you instead (millions of somalians)I hate leftists so much it's unreal.
>>535435333checkedtripsthis is what i think now too
