Key Moments: A Minnesota Senate committee has unanimously advanced a bill to ban nearly all prediction market betting. The legislation targets wagers on real-world events but exempts charitable raffles, state lotteries, and informal social betting. An incident involving state senator Matt Klein’s $50 bet on his own race sparked the drive for tighter regulation. Senate Committee Approves Ban on Widespread Prediction Market Gambling A bill seeking to outlaw most forms of prediction market betting received unanimous approval from a Minnesota Senate committee. The proposal will now head to the Senate…
Read MoreMinnesota Senate Moves Forward With Ban on Most Prediction Market Wagering
