Minnesotans using platforms like Kalshi and Polymarket won’t be able to cast bets on who will win the governor’s race or how many posts Elon Musk will make on X in a given week for much longer.
A public safety bill that includes a ban on prediction markets is headed to Gov. Tim Walz’s desk. If it’s signed into law, Minnesota would be the first state in the country to outlaw the popular platforms that allow users to bet on the outcome of real-world events from elections to storms.
The bill, one of the few bipartisan proposals to see action during Minnesota’s legislative session, passed Tuesday night by a wide margin in the House and Senate.
