Brief

Minnesota has become the first state to enact legislation banning prediction markets, with the law set to take effect on August 1st. The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit to block the state's enforcement of this new law. The CFTC argues that it, not individual states, has the authority to regulate such markets, and also raised concerns that the ban could impact farmers' ability to hedge against crop losses. AI

Aimee Bock, former leader of the Minnesota nonprofit Feeding Our Future, has been sentenced to nearly 42 years in prison for a $250 million fraud scheme. The organization, which claimed to provide meals for children during the pandemic, was instead used as a "cash pipeline" for fraudulent claims and kickbacks. This case was notably used by the Trump administration to justify an immigration crackdown in Minnesota. AI