A Minnesota judge blocked the state’s bill banning sports prediction markets on July 29, 2026, according to Legal Sports Report, adding a significant legal development to an already contested regulatory landscape for prediction market operators across the United States.
The Minnesota ruling came just one day after the National Council of Legislators from Gaming States (NCLGS) called on Congress to enact a federal ban on sports prediction markets, as reported by Legal Sports Report on July 28, 2026. The NCLGS appeal to Congress signals that state-level efforts to restrict prediction markets are increasingly being viewed as insufficient or legally vulnerable by gaming regulators and legislators.
Also on July 27, 2026, prediction market operator Kalshi agreed to use geofencing technology to block users in Nevada from accessing sports contracts on its platform, Legal Sports Report reported. The agreement indicates that at least some operators are negotiating state-specific compliance arrangements even as broader legal questions about the sector remain unresolved.
On the operator side, BetMGM disclosed on July 28, 2026 that competition from prediction markets has pushed its $500 million EBITDA target beyond 2027, according to Legal Sports Report, illustrating the financial pressure that the emerging prediction markets sector is placing on established licensed sportsbook operators.
The cluster of rulings, legislative calls, and operator disclosures in late July 2026 underscores that the legal status of sports prediction markets in the United States remains actively contested at both the state and federal levels.
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