#CFTCDefendsPredMarkets

About CFTCDefendsPredMarkets

Minnesota classified prediction markets as gambling and signed a ban. The CFTC and DOJ sued within 24 hours, arguing exclusive federal jurisdiction. This is the fourth suit after Illinois, Arizona, and Connecticut as the feds systematically clear the path. Polymarket is also moving: partnering with Nasdaq Private Market for contracts tied to private valuations and IPO timelines, and applying to the CFTC to list sports contracts for first-mover advantage in US regulated sports prediction.