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Benjamin Njiri

CFTC sues to block Minnesota’s prediction market ban in SF760

Minnesota’s SF760 public safety bill, signed by Governor Tim Walz on 18 May, bans prediction markets and allows felony charges after a state cease-and-desist notice. The CFTC filed suit on 19 May seeking to stop the law before it takes effect on 1 August, as the broader fight over oversight plays out while the sector averages about $20 billion in monthly trading volume.
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