Kalshi has sued Minnesota, challenging legislation that bans prediction markets from operating or being advertised in the state.
The bill, SF 3432, was signed by Minnesota Gov. Tim Walz this month and is scheduled to take effect on August 1. It makes it a criminal offense to operate or promote prediction market services in the state.
The legal complaint, filed by Kalshi in federal court, names Walz, Attorney General Keith Ellison, and the Director of the state’s Alcohol and Gambling Enforcement division, Jon Anglin, as defendants. Kalshi is seeking to block the enforcement of the law before it comes into effect.
