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Federal Judge Blocks MN Prediction Market Ban. Anti-Nudification Law Next?
['Keith Harris', 'Racket Staff', 'Abraham Teuber', 'Em Cassel', 'Jessica Armbruster', 'Clint Combs']
Racket
Well, have I got good news for you—a federal judge has temporarily halted a Minnesota law that would have prevented “prediction markets” like Kalshi and Polymarket from operating in our state.
Judge Katherine Menendez ruled Monday that the Commodity Futures Trading Commission preempts state law in this area.
Another New Minnesota Law in the CrosshairsA Minnesota law set to go into effect on August 1 would ban so-called “nudification technology” and allow victims to sue anyone who uses AI to disrobe them.
Enter xAI (an offshoot of the website formerly and basically still known as Twitter), which has asked a federal court to block the law as overly broad.
Take the University of Minnesota, one of our state’s largest employers, with 27,000 people in its employ.