Latest News and Articles about Minnesota
Kalshi Sues Minnesota Over Prediction Markets Ban and Criminal Penalties
Kalshi has sued Minnesota over a new law that would restrict prediction markets and impose criminal penalties on people involved in certain event-based contracts, setting up a blunt fight over who gets to regulate this fast-growing corner of finance. Kalshi vs. Minnesota — federal oversight or state gambling law? Criminal penalties could hit users, businesses, […]
Read MoreCFTC Sues Minnesota Over Prediction Markets Ban in Federal-State Clash
Minnesota has drawn a hard line against prediction markets, and the CFTC is answering with a lawsuit that could decide whether states can treat these markets like gambling or whether federal derivatives law wins the turf war. CFTC sues Minnesota over a new prediction markets ban Law takes effect Aug. 1 unless a court blocks […]
Read MorePrometheum Launches, Japan Opens Stablecoins, CFTC Sues Minnesota Over Crypto Ban
Prometheum is going live, Japan is opening the door wider to foreign stablecoins, and the CFTC is suing Minnesota over a crypto ban. Three different flashpoints, same underlying message: crypto’s next chapter is being written by regulators, courts, and the companies willing to survive the paperwork knife fight. Prometheum goes live — a regulated crypto […]
Read MoreMinnesota Backs Bank Crypto Custody While Cracking Down on Bitcoin ATMs
Minnesota is splitting crypto into two buckets: banks may hold digital assets for customers, while crypto kiosks are getting the boot over fraud risks. Banks can now offer crypto custody under Minnesota’s rules Crypto kiosks, including Bitcoin ATMs, are being targeted over scam abuse The state is backing regulated custody while cracking down on weak […]
Read MoreTennessee Bans Crypto ATMs as Minnesota Pushes Stricter Regulation to Curb Fraud
Crypto ATMs are getting squeezed hard in the U.S., and Tennessee just took the most brutal swing yet by effectively banning them statewide, as detailed in this crackdown on crypto ATMs. Minnesota, meanwhile, is trying the “fine, but with a leash” approach. Tennessee has made crypto ATM operations illegal statewide. Minnesota is pushing stricter regulation […]
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