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Minnesota’s Prediction Market Ban Triggers Federal Lawsuit Before It Takes Effect
Key Takeaways
- Minnesota enacted a law making prediction market creation, operation or advertising a felony.
- The CFTC sued to block the law before its August 1 effective date.
- Federal regulators argue Congress gave the CFTC exclusive jurisdiction over such markets.
- Minnesota officials say prediction markets are harmful and addictive.
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DT Editorial Team··via arstechnica.com