Minnesota Gov. Tim Walz has signed the nation’s first law banning prediction market sites from operating in the state, the most far-reaching crackdown on massively popular services like Kalshi and Polymarket.
It comes as states confront a growing standoff with the Trump administration over how to regulate the industry, which allows people to bet on virtually anything.
The new state law makes it a crime to host or advertise a prediction market, which it defines as a system that lets consumers place a wager on a future outcome, like sports, elections, weather, live entertainment, someone’s word choice and world affairs.
The prohibition extends to services supporting prediction markets, like virtual private networks, that could allow consumers to disguise their location and get around the ban.
It would force prediction market sites like Kalshi and Polymarket to leave the state, or face possible felony charges. The law takes effect in August.
Every day I regret leaving Minnesota for Texas, they keep doing what we need to do here and the damn state regime stomps down any progressive or practical solutions the blue cities try. I vote angry in every election.
Something stopping you from going back?
Can’t afford moving anywhere now. Have to work and save before I can get back north again.
Silver lining is that your vote goes further there
Not after redistricting.
So you want to live in a state that is actively banning VPNs? How does that boot taste?
Oh noooooo not the cottage industry propped up by YouTube shills that misled an entire generation about how technology actually works what will we dooooooo?
Texas isn’t forcing you to use prediction markets so how are you affected?
Aside from all the other negatives of living in the nasty shit hole that Texas is?