Minnesota Sends Prediction Market Ban to Gov. Walz Casino By lines May 15, 2026 Minnesota prediction market ban now sits on Governor Tim Walz’s desk. The Minnesota Legislature passed Senate File 4760 on May 13, 2026. Inside the Minnesota Prediction Market Ban The Minnesota House approved Senate File 4760 by a 100 to 32 vote on May 13, 2026. The Minnesota Senate then ratified the conference committee report 57 to 9. SF 4760 is an omnibus public safety bill. SF 4760 also amends Minnesota laws on impaired driving, theft, and fraud. Senate File 4760 makes operating a prediction market in Minnesota a felony. The Minnesota bill also criminalizes hosting, facilitating, or processing payments for prediction markets. Advertising or marketing a prediction market triggers felony charges under SF 4760. The Minnesota legislation targets operators, payment providers, and advertisers tied to event-contract platforms. Governor Tim Walz now has three options on SF 4760. Walz can sign Senate File 4760, veto Senate File 4760, or take no action. Inaction allows SF 4760 to become law on August 1, 2026. Felony penalties begin on the same August 1, 2026 effective date. Senate File 4760 makes Minnesota the first US state to ban prediction markets explicitly. Major operators Kalshi and Polymarket face direct impact in Minnesota. Industry observers expect immediate legal challenges from Kalshi and Polymarket after SF 4760 becomes law. The Minnesota ban also intensifies a broader 2026 fight between states, tribes, and CFTC-licensed exchanges. Related Casino Reviews CFTC Eyes Minnesota as Sweepstakes Ban Clock Runs Out Five Sweepstakes Casino Ban Bills Head to Governors AGA: 81 Percent of Execs See Prediction Markets as Threat Sources: SBC Americas, MPR News, and Gambling Insider covered SF 4760 passage on May 13 and 14, 2026.
