Katherine Menendez
Coverage of Katherine Menendez in the Nexus archive.
- Minnesota's first-in-the-nation law banning prediction markets is halted in federal court
A federal judge temporarily blocked Minnesota's first-in-the-nation law banning prediction markets before it could take effect, citing potential irreparable harm to operators like Kalshi and Polymarket. The decision aligns with arguments by the U.S. Commodity Futures Trading Commission (CFTC) and the companies that federal law, not state regulations, governs these markets. Minnesota’s attorney general disputes the ruling, calling prediction markets 'gambling' and asserting state regulatory authority.
- Minnesota prediction market ban paused by federal judge days before rollout
A federal judge paused Minnesota's prediction market ban days before implementation, ruling that the state law is likely preempted by federal law. District Judge Katherine Menendez stated the Trump administration, Kalshi, and Polymarket are likely to succeed in their legal challenge.
- Federal judge blocks law banning prediction markets from operating in Minnesota
A federal judge blocked a Minnesota law set to ban prediction markets starting August 1, granting a preliminary injunction to the CFTC, Kalshi, and Polymarket. The state argues prediction markets are predatory gambling, while the CFTC claims the law criminalizes lawful operators.
- Judge blocks Minnesota ban on prediction markets
A federal judge in Minnesota blocked the state's ban on prediction markets, allowing platforms like Kalshi and Polymarket to continue operating. The ban, which aimed to restrict activities deemed 'indistinguishable' from gambling, was set to take effect but is now temporarily halted pending further legal review.