Exclusive: CFTC Eyes Minnesota as Next Front for Prediction Markets Fight

Exclusive: CFTC eyes Minnesota as next front for prediction markets fight

The NewsAs the Commodity Futures Trading Commission takes a growing number of states to court over prediction markets, Chair Mike Selig is monitoring Minnesota and other states that advance legislation that would ban or regulate them, a person familiar with his thinking told Semafor. Selig, who has so far filed lawsuits against five states that tried to crack down, praised a district judge’s Tuesday decision to block Arizona from suing Kalshi as…

Federal Agency Sues States That are Trying to Stop Prediction Market Gambling – Family Council

A federal agency is going to court to make sure online prediction markets can operate in states that don’t want them. The Commodity Futures Trading Commission (CFTC) has filed lawsuits against New York and Wisconsin and filed legal briefs in Massachusetts, all to stop those states from applying their gambling laws to so-called “prediction markets.” The CFTC has also previously sued Arizona, Connecticut, and Illinois for the same reason. Predicti…

CFTC Chair Selig: Will Continue to Sue the States for 'Impingements on Federal Authority'

Trump Administration Seeks to Preempt State Regulation of Prediction Markets

WASHINGTON, May 5, 2026 — The Trump administration is going to court to shield prediction market players Kalshi and Polymarket from state regulation.The Commodity Futures Trading Commission filed an amicus brief in Massachusetts state court asserting jurisdiction over prediction markets. The CFTC has also filed lawsuits against Arizona, Connecticut, Illinois, New York, and Wisconsin, which have also sought to regulate prediction markets. The sta…