Minnesota injunction lets Kalshi and Polymarket continue while challenge proceeds

What happened

A federal judge granted Kalshi and Polymarket a preliminary injunction in their challenge to Minnesota’s prediction-market ban. The order allows both operators to continue in the state while the case proceeds.

The upstream record characterizes the outcome as a meaningful legal win for the operators, supported by three sources. It does not provide further detail on the court’s reasoning or the terms of the injunction.

Why it matters

The decision is one signal in a wider regulatory picture that remains unsettled. The supplied record also notes that the NFL is pressing the CFTC for stricter rules on sports contracts, creating divergent signals around prediction-market oversight.

For operators and observers, the Minnesota result shows that the state-level restriction is not currently being enforced against these two firms under this preliminary order. It does not establish a final rule for the sector.

What to watch

The next useful receipt is a further court filing or ruling in the Minnesota challenge that clarifies whether the preliminary protection remains, changes, or becomes a final outcome. Regulatory developments concerning sports-contract rules are also relevant to the broader watch.