Minnesota lawmakers pass bill to ban prediction markets
Minnesota lawmakers passed legislation to ban prediction market operations in the state and sent it to Gov. Tim Walz. The bill cleared the House 100-32 and Senate 57-9; if enacted, it would take effect on 1 August and cover trades tied to sports, politics, pop culture and other real-world events. Supporters cite state gambling authority, while opponents argue federal oversight applies.
Prediction market platforms face a potential state ban and legal challenges over the division of regulatory authority.