/
Trump administration defends prediction markets as JPMorgan and Hadrius rush to police traders
May 20, 2026
< 1 min read
by Hania Humayun
for CryptoPolitan
Share:
AI Overview
The federal government sued Minnesota after Governor Tim Walz signed a law banning residents from using prediction market betting platforms such as Kalshi and Polymarket, making Minnesota the first state to enact such a ban. The dispute heightens regulatory risk for crypto and DeFi prediction markets and creates legal uncertainty for DEXs/CEXs and tokenized betting platforms, which could hurt adoption and market access.
Bearish
Predictions Markets
See what traders are focused on
The federal government has sued Minnesota over a new law that bans residents from using betting platforms where people can wager on things like sports results and economic events. Minnesota is the first state to ban prediction market platforms such as Kalshi and Polymarket. Governor Tim Walz signed the law on Monday after it received...
