Kalshi Sues Minnesota, Seeks Injunction Against Predictive Market Ban

2026/05/29 11:06 (Updated 2026/05/29 18:01)
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Written by L.Kikutani
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Kalshi Sues Minnesota, Seeks Injunction Against Predictive Market Ban

Kalshi Strikes Back

Kalshi, the largest predictive market platform in the U.S., filed a lawsuit on May 28 in the Minnesota Federal District Court. The lawsuit targets state officials including Attorney General Keith Ellison, following Governor Tim Walz's signing last week of the predictive market ban, which is scheduled to take effect on August 1. Kalshi is seeking a preliminary and permanent injunction to prevent the enforcement of this law.

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.