Pre-Effective August 1st Front-Running Lawsuit: After the CFTC just finished filing its case against Kalshi, this latest move is prediction market platforms teaming up with federal agencies to clamp down on state legislative authority

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Kalshi sues Minnesota to block prediction market ban
Crypto界报道,Kalshi files a federal lawsuit against Minnesota, aiming to block the prediction market ban that takes effect on August 1. The bill SF 3432 will make operating event contract platforms a felony. The complaint names the Attorney General, the Governor, and the Director of the Alcohol and Gambling Enforcement Division, claiming that the Commodity Exchange Act has exclusive jurisdiction over event contracts, and that state law prohibiting federal market activities constitutes an illegal deprivation. Kalshi requests declaratory and injunctive relief to prevent enforcement before it takes effect.
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