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Low urgency

Kalshi, Polymarket win pause against Minnesota's prediction market ban - CoinDesk

Detected July 28, 2026 · in Crypto & DeFi Tax Reporting

A federal court temporarily blocked Minnesota's ban on prediction markets, allowing Kalshi and Polymarket to operate in the state pending further litigation.

Aforeworn detected this change in the Crypto & DeFi Tax Reporting space on July 28, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. Crypto exchanges/brokers, DeFi protocols, high-volume traders operating prediction markets in Minnesota should confirm how it applies to their specific situation before acting. There is a time constraint attached: None. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Crypto & DeFi Tax Reporting continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.

What changed

Minnesota's ban on prediction markets is paused, so platforms like Kalshi and Polymarket can resume operations in the state for now.

Who it affects

Crypto exchanges/brokers, DeFi protocols, high-volume traders operating prediction markets in Minnesota

What you must do

No immediate action required; monitor for final ruling or changes in other states.

Deadline

None

Source: https://news.google.com/rss/articles/CBMisgFBVV95cUxPRmtwaW5KbDBOZHEwYTJrcS1pdGY2cS0xV19WTUhzd2t1SEwyQlNLNlBwWHJBNFlTSnRIOWN3dXlPOFZEbHZSRElmUHlIX0Q3OW1OZHoyQ0xRRzV2ZURJQXVxdFlrZERwT0tUckh5VVNYdU9fVXZTS3FZMVgxQzMtQVliZm5tcnM0WDNhQTRlX29XbGR5OVJuWnQzdXM5VE5HZVRuNUt4amE0aGoxRUpDcVl3?oc=5

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