CFTC sues Minnesota to block prediction market ban set for August 1

Minnesota's ban on prediction markets could trigger a regulatory domino effect, challenging federal authority and impacting crypto platforms. The post Minnesota bans prediction markets, Trump administration files lawsuit appeared first on Crypto Briefing.

Former CFTC chair Timothy Massad says a US CBDC ban cannot stop behind-the-scenes infrastructure work. Former CFTC chair Timothy Massad told London’s Digital Money Summit on May 19 that a US digital dollar is ultimately inevitable. He said the CBDC…

Despite public opposition, US exploration of CBDC infrastructure suggests inevitable adaptation to global digital finance trends. The post US officials quietly study CBDC infrastructure despite Trump opposition, says former CFTC chief appeared first on Crypto Briefing.

Traders have largely abandoned expectations for Federal Reserve rate cuts in 2026, with CME Fedwatch data showing 95% to 98% odds of no change at any of the upcoming meetings, and prediction market bettors backing that view for June with tens of millions of dollars. Markets Price Out Every Rate Cut for 2026 The Fed’s […]

The CFTC sued to block Minnesota’s prediction-market ban before it takes effect. The agency says prediction-market contracts are federally regulated swaps. Minnesota’s law would ban operating, advertising, and supporting these platforms. A massive legal battle just erupted between federal regulators and state leadership over the future of decentralized betting.  The Commodity Futures Trading Commission took […] The post CFTC Sues Tim Walz Over Minnesota Prediction Markets Ban appeared first on Live Bitcoin News.

CFTC sues Minnesota to block its Aug. 1 prediction markets ban as crypto rules split between bank custody and kiosk restrictions statewide.

About 24 hours after Minnesota Governor Tim Walz signed a bill into law passed by the state’s legislature to effectively ban prediction markets in the state, the CFTC pushed back with its own lawsuit.

Minnesota's ban has made it a felony to create or operate a prediction market in the state. The CFTC and DOJ say it violates federal law.