A federal judge issued an injunction against Minnesota's ban on prediction markets, siding with the CFTC's claim of exclusive jurisdiction over "swaps." The ruling, ahead of the law's effective date, highlights a state vs. federal regulatory conflict.
Polymarket investors earned thousands anticipating unexpected temperature spikes at Paris-Charles de Gaulle Airport, leading French authorities to investigate suspected tampering after Météo-France filed a police complaint regarding sensor interference.
California Gov. Newsom banned state officials from insider trading on prediction markets, citing corruption concerns. This follows large, suspicious payments on platforms like Kalshi and Polymarket, which have added new anti-insider trading rules, though some legislators find them insufficient.
