Quick Facts About Prediction Markets in Minnesota
- Minnesota’s Governor, Tim Walz, signed a bill to ban prediction markets in MN.
- This bill is set to take full effect by August 1, 2026.
- Top prediction markets in Minnesota include Kalshi, OG, and Crypto.com.
- The Commodity Futures Trading Commission (CFTC) regulates these MN prediction markets.
- These prediction markets offer event contracts on politics, sports, climate, crypto, and more.
The Status of Minnesota Prediction Markets
We’ve been monitoring Minnesota’s stance on prediction markets for quite some time. The state has made it clear it wishes to monitor and regulate prediction markets itself. That’s why many MN traders are asking, “Are prediction markets legal in Minnesota?”
As we stated in our intro, they’re still accessible for now. However, Tim Walz, the state’s current governor, has officially signed a bill that would make prediction markets illegal for Minnesota residents. Plus, it's set to take full effect on August 1, 2026.
As a matter of fact, the bill also includes felony charges for prediction market advertisements and for anyone who allows users to trade predictions on future events. This rule applies to trading on sports, entertainment, elections, climate, economics, and
politics prediction contracts.
However, the CFTC has responded to this law by filing a lawsuit against it. The reason for this response is that prediction markets fall under CFTC regulation, which operates at the federal level, not the state level.
A Brief Overview of MN Prediction Markets
Now that we’ve addressed the question, “Are prediction markets legal in Minnesota?” Let’s see the types of prediction markets available for Minnesota traders:
| Prediction market categories
|
Details
|
| Sports |
Game winners, championships, player awards, and esports |
| Politics |
Elections, international trade, policies, and party control |
| Entertainment and culture |
Awards (Grammy, Oscars, Emmys, and more), music, movies, TV shows, celebrity gossip, and video games |
| Economy |
Inflation, Fed rate policies, recessions, and unemployment rates |
| Climate |
Weather conditions and temperature |
| Technology and Science |
AI developments, space missions, and scientific discoveries |
| Commodities |
Agricultural and oil prices, natural gas, and metals |
| Crypto |
Price target of cryptocurrencies (Bitcoin, Solana, Ethereum, etc.) |
Keep in mind that the availability of the prediction markets above varies by site.
Best Prediction Markets in Minnesota
We don’t know how the stance on prediction markets will go for the North Star State. However, until then, here are our three top picks for prediction trading in Minnesota:
Crypto.com: Pros & Cons
- Competition-based promotions
- iOS & Android apps
- Minimalist website design
- Beginner-friendly
From our checks, Crypto.com is one of the
best prediction market apps
for crypto predictions in MN. You can trade event contracts on top cryptocurrencies such as Bitcoin, Ripple, Solana, Dogecoin, Ethereum, and more.
The contracts here are related to whether a specific cryptocurrency rises or falls below a targeted price. Besides crypto predictions, Crypto.com also lists event contracts for politics, sports, tech, economics, climate, and culture.
However, you should note that prediction trading isn’t the only thing that happens in Crypto.com. You can also trade and exchange cryptocurrencies on the app.
Sponsored by Crypto.com – Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn't guarantee future results. This is not a solicitation or recommendation to trade.
Kalshi – Features Numerous Prediction Markets
Kalshi: Pros & Cons
- Fully CFTC-regulated exchange
- Diverse markets including sports, politics, and economics
- Supports PayPal, Venmo, and Crypto deposits
- Highly rated mobile app for iOS and Android
- Trading fees apply to both makers and takers
- Bank withdrawals can take several business days
It's hard to ignore Kalshi, especially if you’re looking for prediction market apps with plenty of options in MN. We counted 8+ different prediction market categories on its app, including sports, crypto, tech & science, economics, culture, commodities, and politics.
Another feature that impressed us at Kalshi is its “Zero Days to Expiration” (0DTE) prediction markets. Basically, some contracts settle within the same day, so you don’t have to wait weeks for an outcome.
A good example was a weather prediction market we traded in. The contract was about whether the day’s lowest temperature in Minneapolis would fall within a specific range. Once the day ended and the outcome was confirmed, the contracts settled automatically, and payouts were processed shortly after.
OG – Best New Prediction Market App in MN
OG: Pros and Cons
- Secure and regulated by the CFTC
- No user limiting on trades
- Wide range of market categories
- Great National Championship offer
- Sports contracts are restricted in some states
As mentioned earlier, Crypto.com isn’t only for trading predictions. Turns out, OG is a new prediction market site launched by Crypto.com with a sole focus on prediction trading. In our review, we noticed that OG features the same prediction markets as Crypto.com, so you won’t be missing much.
We had to include it in this list because OG is among the few prediction market apps that offer trading bonuses. After registering, we noticed it offered a welcome bonus of up to $100 in trading bonuses (terms and conditions apply). We didn’t need a promo code to claim it.
OG also offers a referral and VIP program for its prediction traders. However, we observed that joining its VIP is strictly by invitation once you complete the application form.
Prediction Trading is facilitated through Crypto.com | Derivatives North America (CDNA). Foris DAX Inc. and Foris Inc. (d/b/a OG) provide access to CDNA, a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), allowing users to trade derivatives in accordance with CDNA’s rules and regulations.
How to Sign Up and Trade Predictions in MN
MN prediction markets, including the ones mentioned on this page, are under CFTC oversight. Therefore, before signing up at any of them, you typically have to be at least 18 years old and physically reside in MN.
If you meet this requirement, here’s what you need to do:
-
Click the on-page banners to select your preferred prediction market site.
-
Sign up via the website or download and register on their mobile apps.
-
Enter your details, including legal name, address, email address, and phone number.
-
Verify your mobile number and email address if requested.
-
If prompted, make sure to complete Know Your Customer (KYC) verification.
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Once your KYC documents have been approved, fund your account.
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Select your preferred prediction market category and purchase the event contracts you want by clicking the “Yes” or “No” buttons.
After the event concludes, wait for your contracts to be settled. If you made the right predictions, you’ll be paid accordingly and can then make withdrawals.
Pros and Cons of MN Prediction Markets
Prediction markets have changed how MN residents speculate on real-world outcomes. However, we find this ongoing lawsuit troublesome for MN prediction traders if the state wins. Below, we’ve put together a summary of its pros and cons:
Pros and Cons
- Complies with CFTC regulations
- Multiple prediction market categories
- Functional apps and websites
- May face a ban in the future
How to Choose the Right Prediction Markets in Minnesota
Finding the right prediction market site isn’t easy. That’s why we’ll share some of our selection criteria to help you make the right choice.
The first thing we checked was whether our top prediction market sites are accesible in the US. Fortunately, they all are, and each of their website footers displays that they operate in compliance with CFTC regulations.
📊 Prediction market categories
We prefer sites with multiple prediction markets, like those featured on this page. You’ll want a site that offers contracts on sports, politics, entertainment, climate, economy, crypto, and more. That way, you have options, and you can trade on a category that you’re familiar with.
Payment methods are often overlooked at prediction market sites. You don’t want to find yourself on a site with limited options to fund your account or place withdrawals. Go for sites that support popular MN payment methods, such as credit/debit cards, crypto, online banking, and e-wallets.
We consider prediction market sites with excellent and reliable customer support. A good prediction market site typically offers support via live chat and email. The presence of a help center or FAQ page is also a green flag for self-help.
Conclusion – MN Prediction Markets Are Currently Facing Challenges
Our guide shows that it's still possible to register and trade predictions in Minnesota. You can check out our top prediction market sites, Kalshi, Crypto.com, and OG. Each has its own unique feature, so just pick the one that suits you best.
However, their status hangs in the balance due to the dispute between state and federal authorities. Even though the bill to ban prediction markets has already been signed, it won’t take effect until August 1, 2026.
We don’t know how it’ll play out, but for now, these prediction markets are still accessible in the state. If you want to test them out, click the featured banners on this page to register and get started.
Our Standout Sport Prediction Market Sites
1.
2.
Open Polymarket
18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading involves high risk and may result in loss of your entire investment. See polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated derivatives exchange and clearing organization.
3.
4.
Trade $10, Get $10 Welcome Offer
Open OG
18+ If you or someone you know has a gambling problem, call 1-800-GAMBLER Prediction is an event contract that is a derivatives product offered by Crypto.com: Buy, Sell & Trade Crypto with a Trusted App | Derivatives North America (CDNA), a CFTC-regulated exchange through OG technology. Trading on CDNA involves risk and may not be appropriate for all. By trading you risk losing your cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Terms apply. Trading involves risk of loss. Bonus credits cannot be withdrawn immediately.
5.
Are Prediction Markets Legal in Minnesota? FAQs
🧐 Is Prediction Trading Allowed in Minnesota?
Yes. At the time of writing, prediction markets are legal in Minnesota. However, a law banning prediction markets has been signed and will take effect on August 1, 2026. Nonetheless, the CFTC has filed an official lawsuit against it; the verdict is yet to be determined.
📱 What Are the Best Prediction Market Apps in Minnesota?
For now, our best prediction market apps in Minnesota are Crypto.com, Kalshi, and OG.
🔞 What’s the Legal Age to Use Prediction Market Apps in MN?
You have to be at least 18 years old to register and use prediction market apps in Minnesota.
For guidance on responsible trading and risk awareness, the following free official resources are available:
To make sure you get accurate and helpful information, this guide has been edited by
Mac Douglass
as part of our fact-checking process.
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