Are prediction markets legal in Minnesota?

Minnesota passed a 2026 law making it a felony to run a prediction market in the state, but a federal court blocked it in July 2026 after the CFTC sued. Prediction markets remain available, and Minnesota has no legal sports betting, so DraftKings and FanDuel offer sports contracts here.

Yes, prediction markets are currently available in Minnesota, despite a law designed to ban them. As of October 17, 2026, Minnesota’s 2026 law making it a crime to operate a prediction market is blocked by a federal court injunction won by the CFTC.

Minnesota’s law and the injunction

Governor Tim Walz signed SF 4760 on May 18, 2026. It created a new crime covering prediction markets that “allow consumers to place a wager on the future outcome of a specified event,” effective August 1, 2026. The CFTC sued the next day, saying the law “turns lawful operators and participants in prediction markets into felons overnight.” On July 27, 2026 the federal court granted a preliminary injunction, finding the law likely “at least in part expressly preempted” by federal commodities law. That’s one of the few clear wins for the CFTC in a state fight. The court noted the case didn’t involve Minnesota applying its existing sports-betting laws to Kalshi. See is Kalshi legal?

What’s available

Minnesota has no legal sports betting, so every major platform, including DraftKings Predictions and FanDuel Predicts, offers sports contracts here. PredictIt lists Minnesota’s 2026 Senate and governor races. If the injunction were lifted on appeal, availability could change quickly. Compare every state in our legality tracker.

Not legal or betting advice. 18+ (21+ where required). Prediction markets involve risk of loss — only trade what you can afford to lose. Gambling problem? Call or text 1-800-MY-RESET (National Problem Gambling Helpline, 24/7).