I missed predicting the block but the lawsuit was inevitable.
https://www.npr.org/2026/05/19/nx-s1-5821265/minnesota-ban-prediction-markets
Minnesota becomes first state to ban prediction markets
Minnesota Gov. Tim Walz has signed the nation's first law banning prediction market sites from operating in the state, and in response, the Trump administration has sued, teeing up a legal battle over the most far-reaching crackdown on popular services like Kalshi and Polymarket.
It comes as states confront a growing standoff with the Trump administration over how to regulate the industry, which allows people to bet on virtually anything.
The new state law makes it a crime to host or advertise a prediction market, which it defines as a system that lets consumers place a wager on a future outcome, like sports, elections, live entertainment, someone's word choice and world affairs.
Loss of direction or doubt that direction will result in action?
https://www.barrons.com/articles/stock-market-trump-iran-things-to-know-today-c6e3e276
Stock Markets Now Shrug at Trump’s Iran Rhetoric. That’s a Big Worry.
Negotiations and threats, threats and negotiations. Markets are getting tired of the apparent lack of progress around the U.S.-Iran peace talks and that’s creating a risk of an eventual sharp jump in oil prices, which would roil bond and stock markets.
… After a period when oil prices—and therefore other assets—would respond to Trump’s every utterance, now the reaction is largely a shrug. The risks of a complete loss of faith in a peaceful resolution are rising.
(Related)
No deal, no exit: How US-Iran standoff risks fresh conflict
… Calls for a fresh strike are growing louder in the U.S. and Israel, with some officials arguing that increased pressure could weaken Tehran's leverage and force Iran back to the negotiating table.
"There is one major problem with this theory: We have already tested it, repeatedly, and Iran did not capitulate," said Danny Citrinowicz, a senior researcher on Iran at Israel's Institute for National Security Studies and former head of the Iran branch in Israeli Defense Intelligence.