The Commodity Futures Trading Commission (CFTC) today filed a lawsuit against Minnesota, aiming to block a new state law that would criminalize operating or assisting in the operation of a prediction market. Governor Tim Walz signed the legislation.
The CFTC is seeking a preliminary injunction to prevent the law from going into effect on August 1, 2026. This legal challenge underscores a potential conflict between state and federal oversight regarding financial markets.