Trump administration sues over Minnesota prediction markets ban
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The Trump administration has filed a lawsuit against Minnesota over its new law banning prediction markets, claiming it infringes on the Commodity Futures Trading Commission's (CFTC) exclusive regulatory authority. The law, signed by Governor Tim Walz, prohibits hosting or advertising prediction markets and is set to take effect on August 1. The CFTC argues that allowing this law to stand could lead to felony prosecutions for exchanges involved in these contracts.
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Source: Thehill The copyright of this article belongs to the original author/organization.
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