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.

Add the federal agency overseeing prediction markets to the list of antagonists seeking to supersede the state of Rhode Island’s authority to regulate online platforms that allow wagering on everything from politics to sports. The Commodity Futures Trading Commission (CFTC) on Thursday moved to intervene in the federal lawsuit Kalshi filed against Rhode Island last […]