Minnesota became the first state to ban prediction markets after Governor Tim Walz signed legislation into law. The federal Commodity Futures Trading Commission filed a lawsuit the following day to block the state law.

WASHINGTON — A group of 16 U.S. Senate Democrats is calling on the Commodity Futures Trading Commission to tighten its regulation of prediction markets, citing concerns over insider trading and other consumer harms as betting on future events grows in popularity. The senators, led by Agriculture, Nutrition and Forestry Committee ranking Democrat Amy Klobuchar, of […]