# Minnesota Bans Prediction Markets Entirely: Regulatory Signal Fintech Founders Should Read

- Link: https://www.npr.org/2026/05/19/nx-s1-5821265/minnesota-ban-prediction-markets
- Discussion: https://startupxo.com/en/362/
- Posted by mrlatte at 2026-05-20T09:00:00.000Z
- 1 point, 0 comments, kind story, origin archive
- Written in ko, machine translated to en

## Summary

- Minnesota Governor Tim Walz signed a law banning the operation and advertising of prediction markets within the state, effective August 1, 2026.
- The CFTC filed a lawsuit immediately on the day the law was passed, citing federal jurisdiction infringement.
- Services like Kalshi and Polymarket appear caught between state and federal authorities.
- In fintech, it is less costly to anticipate in advance which agency interpretations may simultaneously apply to your product.

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