A Minnesota senator got fined for insider trading on a prediction market. His response was to ban the platforms for everyone in the state.
Minnesota Bans Prediction Markets
Minnesota becomes first U.S. state to outlaw prediction markets like Kalshi and Polymarket following senator's insider trading fine.
State law makes it a felony to create, operate, or advertise prediction markets.
Minnesota has enacted the most far-reaching crackdown on massively popular services like Kalshi and Polymarket. Steve Karnowski/Associated Pre...
