Betting on Everything: The Explosive Rise of Prediction Markets — and Minnesota’s Pushback

Minnesota may be the first state to outlaw prediction markets. Here’s what to know.

Prediction markets like Kalshi and Polymarket have exploded in recent years with millions of users. A bill that includes a ban is headed to Gov. Tim Walz’s desk.

Betting on Everything: The explosive rise of prediction markets — and Minnesota’s pushback

Minnesota joins growing fight over America’s prediction market boom.

Minnesota Could Become Hotbed for Prediction Market Litigation After Legislature Includes Restrictions in Public Safety Bill

A public safety bill that is due to be sent to Minnesota Gov. Tim Walz would represent an unprecedented attempt to regulate prediction market exchanges for any state government in the United States. If Walz signs the bill or allows it to pass into law, Minnesota would be the first US state to try to restrict trading on the exchanges by explicit legislative means. As a result, Walz’s signature or inaction could also prompt the US District Court f…

Minnesota Legislature First to Pass Prediction Market Prohibition Bill

Members of the Minnesota House and Senate approved legislation to ban certain prediction market event contracts The legislature is the first in the country to approve a bill to potentially ban certain event contracts SF 4760, on omnibus public safety package, was amended to include language banning certain prediction markets from Sen. John Marty’s (DFL-40) bill, SF 4511 Members of the Minnesota legislature are the first in the country to approve…