Minnesota becomes first state to ban prediction markets

Minnesota has enacted the most far-reaching crackdown on massively popular services like Kalshi and Polymarket.

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)

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Source: NPR.

Written by

Bobby Allyn

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