The CFTC has sued Minnesota to block a new state law that would make operating or assisting prediction markets a criminal felony. The law, which is incorporated in the Safety and Security bill (SF 4760), was passed by the Minnesota State Legislature with a 100-32 vote on May 12 and by the Minnesota Senate with a 57-9 vote on May 13 before being signed by the governor. The law prohibits prediction markets related to sports, elections, weather, crises, government operations, legal cases, and mass fatalities. It also expands criminal liability to service providers and technology intermediaries involved in processing payments, location data, or data collection for transactions. This case is significant because it challenges the authority of the CFTC over blockchain-based prediction markets and the ability of states to regulate financial products approved at the federal level.