Are prediction markets legal in Minnesota? Yes, you can use these sites all over the North Star State and we will show you just how easy it is to get involved.
You will get a quick walkthrough as to how prediction markets are allowed to be used regardless of whether you’re based in Minneapolis, Saint Paul or even over in Duluth. Plus you’ll get a good introduction to three of the biggest prediction markets brands in the US, and we’ll show you how you can sign up and start trading without delay.
The Best Prediction Market Sites in Minnesota in October
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.
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at http://kalshi.com/tc/55. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Trading involves risk, including total loss on positions. Trading decisions and their consequences are your sole responsibility. Nothing on underdogexchange.com constitutes a recommendation, solicitation, or offer to buy or sell any financial instrument. UDX is subject to CFTC regulatory oversight. Promotion issued by affiliate.
Binary markets
Yes
Multi-outcome markets
Yes
Ranged outcome
Yes
User-generated markets
No
Settlement Engine
Market Dynamics
First time deposit match up to $1,000 in Bonus Funds
Restrictions & requirements apply. Not available in all states. 21+. Event contract trading involves risk & is not appropriate for all. Consider if it’s appropriate for you in light of financial circumstances. See novig.com/terms for information.
You will probably already know that Minnesota has strict regulations to stop you from most kinds of prediction entertainments within the state, but the good news is that this doesn’t apply to prediction markets.
This is because prediction markets aren’t regulated on a state level, but instead are regulated federally by the Commodity Futures Trading Commission. As a result, you will be able to download any
prediction market apps
from anywhere in the North Star State and enjoy a world of trading options at your fingertips.
What It Means to Trade Prediction Markets in Minnesota
The whole concept of prediction markets has been around for decades, but it’s only in the past decade that it’s really taken off in the US. How it works is that you will be able to buy event contracts for various real-life events such as whether the Vikings win their next NFL game, or who the next governor of Minnesota will be.
The price of these event contracts will vary between just a cent and $0.99 with the more expensive contracts being those most likely to be correct. If the contract you bought settles as being correct, you will then be able to redeem it at the price of $1.
Note the price of these contracts is aggregated according to the trading activity of people on the site – hence the term, ‘put your money where your mouth is’. Plus you are free to buy or sell your contract before the event actually settles.
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.
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at http://kalshi.com/tc/55. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Trading involves risk, including total loss on positions. Trading decisions and their consequences are your sole responsibility. Nothing on underdogexchange.com constitutes a recommendation, solicitation, or offer to buy or sell any financial instrument. UDX is subject to CFTC regulatory oversight. Promotion issued by affiliate.
First time deposit match up to $1,000 in Bonus Funds
Restrictions & requirements apply. Not available in all states. 21+. Event contract trading involves risk & is not appropriate for all. Consider if it’s appropriate for you in light of financial circumstances. See novig.com/terms for information.
Deposit $10 Get $50 in Trade Credits!
Claim Bonus
NEXTNVGCopied
Pros and Cons of Using Prediction Markets in Minnesota
So should you bother with these prediction markets sites? Well, be sure to consider the following pros and cons of getting involved:
Pros and Cons
Actually available in Minnesota
Massive range of predictions available
Simple trading mechanisms
Trade on your smartphone, tablet or computer
Potential to lose your money
A Step by Step Guide for Using Prediction Markets in Minnesota
Let’s give you a concrete example of how you can trade some
economy prediction markets
at one of our recommended sites so that you can see what it’s all about. Here’s what might happen:
You click on any of the prediction markets sites listed in the banners of this page to launch their website from the browser of your computer or mobile device
Next you register your account simply by adding some basic personal information to the registration form and submitting it
From here you’d have to verify your identity which can usually be done by submitting some form of government-issued photo ID such as your driver’s license or passport.
Now you could log into your account and then make your first deposit with one of the permitted payment providers
Then you’ll be able to browse the prediction markets and come across the question asking, ‘Will the US go into recession?’ this year.
You would predict ‘No’ and this would mean purchasing the event contract that was priced at $0.56.
From here, you watched the price movement of your contract rising to $0.60 and then you’d trade it early for a profit. Note that you could have stayed in for the duration and your contract would have settled at $1, but this would have been the riskier option.
The Best Places for Prediction Markets in Minnesota
Just because you can access most prediction markets sites from anywhere in Minnesota doesn’t mean that you should sign up to the first site you see. Instead, consider any of the following three brands:
Polymarket – Hugely Enjoyable Range of Prediction Markets Here
Excellent trading coverage
Powerful mobile app
Speedy deposits and withdrawals
Peer-to-peer exchange
Watertight security provisions
Steep learning curve
Visit Polymarket
It’s great to find that Polymarket has been readmitted back into the US as it’s a seriously entertaining prediction markets brand. After all, this is the site that pioneered the five-minute predictions for Bitcoin that got everyone talking earlier this year.
Polymarket is also good for a massive range of topics covering sports, politics and finance, and you can even make your predictions about whether Jesus Christ will make a reappearance this year. Everything is nicely packaged in a user-friendly site and app, and while the comments sections can get a bit spicy, that’s just another reminder of why this is arguably the most entertaining predictions markets brand in the business.
Kalshi – Market-leading Prediction Markets Brand
Accessible across the US
Simple to use
Explore niche and mainstream markets
Integrated prediction tools
Limited ongoing bonus offers
Visit Kalshi
This is the biggest prediction markets site in the US and deservedly so. You can sign up here from all over Minnesota and enjoy an unparalleled scope in terms of event contracts for sports, politics, technology, science, companies and so much more.
Remember that the sheer size of Kalshi’s trading community means that you stand to find a fair price for your trades, and the whole thing is made much simpler thanks to the well-designed site and apps. Plus with nicely customizable charts and graphs, you’ll know exactly when you should be executing your trades.
Crypto.com – Trusted Brand for Prediction Markets Trading
Level-Up Rewards available
Welcome offer for standard trading
Predict future prices for crypto
Choose yes/no contract positions
Complex for newcomers
Visit Crypto.com
This brand has been around for quite a few years as a crypto exchange, but it’s only recently that Crypto.com has entered the prediction markets realm. Thankfully it looks like it’s going well, as there are plenty of prediction markets options that you can enjoy either from Crypto.com’s site or app, or even the stand-alone OG app.
In particular, it’s the crypto prediction markets that put this brand ahead of the competition as you’ll be able to trade on the price movements of many more obscure coins. Everything else about Crypto.com is as it should be with CFTC-regulation, clear commission fees and a variety of responsible trading tools at your disposal.
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.
Conclusion – All You Need to Enjoy Trading Prediction Markets in Minnesota
We have shown you that you can trade prediction markets from anywhere in the North Star State. This means that you’ll be able to make your predictions about things like how far the Vikings will get in the next NFL season or even when the first snowfall will land in Minneapolis this year.
Just remember that prediction markets trading is risky by nature, and therefore you will need to be careful to apply your own limits and trade responsibly. But as long as you remember that, you should be good to click on any of the links for the approved prediction markets sites in the banners of this page to sign up and start trading.
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.
Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at http://kalshi.com/tc/55. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.
Trading involves risk, including total loss on positions. Trading decisions and their consequences are your sole responsibility. Nothing on underdogexchange.com constitutes a recommendation, solicitation, or offer to buy or sell any financial instrument. UDX is subject to CFTC regulatory oversight. Promotion issued by affiliate.
First time deposit match up to $1,000 in Bonus Funds
Restrictions & requirements apply. Not available in all states. 21+. Event contract trading involves risk & is not appropriate for all. Consider if it’s appropriate for you in light of financial circumstances. See novig.com/terms for information.
Deposit $10 Get $50 in Trade Credits!
Claim Bonus
NEXTNVGCopied
Prediction Markets in Minnesota FAQ
Each site listed here has been checked to ensure it has CFTC regulation. This means that you will get protection against fraud and insider trading.
You will usually have to be at least 18 years old to use these sites and apps. So get some kind of government-issued photo ID ready for the KYC process.
You can download them from the usual places like the App Store and Google Play. Each app should instantly download and install on your device.
