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Prediction market platform Kalshi sues the state of Minnesota, USA, seeking to block a new law that takes effect on August 1. The law makes operating, hosting, or promoting prediction market platforms a criminal offense. Kalshi believes the law violates the U.S. Constitution, asserting that the Commodity Exchange Act grants the CFTC exclusive regulatory authority over derivatives related to prediction markets, and that the advertising ban also potentially violates the First Amendment. The CFTC previously filed a lawsuit against the law on May 19. (CoinDesk)