Find XO: Minnesota Bans Prediction Markets Entirely: Regulatory Signal Fintech Founders Should Read (npr.org)

- Minnesota Governor Tim Walz signed a law banning the operation and advertising of prediction markets within the state, effective August 1, 2026. - The CFTC filed a lawsuit immediately on the day the law was passed, citing federal jurisdiction infringement. - Services like Kalshi and Polymarket appear caught between state and federal authorities. - In fintech, it is less costly to anticipate in advance which agency interpretations may simultaneously apply to your product.