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Minnesota becomes first state to outlaw prediction markets, immediately sued by federal regulators

By Utah News Dispatch · May 20, 2026 · 1 min read
Single source Reported from one source.
A close-up of a wooden gavel resting on legal papers next to an empty hourglass, symbolizing legal intervention and the halting of a process.
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Utah News spotted this story published May 19, 2026 at Utah News Dispatch. Full coverage may follow as more sources report.

Minnesota became the first state to outlaw prediction markets — online platforms where people can bet on the outcomes of events — after Gov. Tim Walz signed a public safety bill (SF4760) into law Monday.

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