Minnesota lawmakers approved legislation on Tuesday that would ban prediction market operations in the state, potentially making it the first explicit state-level prohibition on the fast-growing industry and setting up a legal clash over federal authority.
Minnesota lawmakers passed a bill that includes a ban on prediction market operations, marking a significant move in the state's regulatory landscape. The measure was added to a broader public safety bill shortly before the conclusion of the 2026 legislative session. The decision to prohibit prediction markets has raised concerns and is expected to lead to legal challenges regarding federal jurisdiction.
