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Minnesota becomes first state to ban prediction markets

  • Bobby Allyn
  • May 19, 2026 at 4:28 PM
  • 10 views
Minnesota becomes first state to ban prediction markets

While dozens of states have taken legal action against the controversial industry, Minnesota is the first state to pass a law making it a felony for companies like Kalshi and Polymarket to operate.

(Image credit: Steve Karnowski)

Originally published at NPR Business

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