Kalshi has filed a federal lawsuit seeking an injunction to block Minnesota from enforcing what would be the first state-level ban on prediction markets in the United States, set to take effect in August. The company is asking a federal judge to intervene before the law comes into force, arguing the ban unlawfully restricts its operations. Kalshi, one of the leading regulated prediction market platforms in the US, has grown significantly in prominence following high-profile political event contracts. The legal challenge raises broader questions about states' authority to regulate federally licensed prediction markets and could set a precedent for how similar platforms operate across multiple jurisdictions if other states pursue comparable legislation.
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